DTN Early Word Grains 04/04 05:44
4 Apr 2023
DTN Early Word Grains 04/04 05:44 Row Crop Prices Lower Early Tuesday, KC Wheat Higher as Conditions Worsen May corn is down 4 cents, May soybeans are down 2 cents and May KC wheat is up 9 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: May corn is down 4 cents, May soybeans are down 2 cents and May KC wheat is up 9 cents. CME GLOBEX RECAP: Early Tuesday, U.S. stock futures are slightly higher as traders adjust to Sunday's news of production cuts coming from OPEC+, a move that will likely make the Federal Reserve's mission to reduce inflation more difficult. A report on U.S. factory orders in February will be out at 9 a.m. CDT Tuesday and more snow is falling in South Dakota with blizzard warnings throughout the northwestern Plains. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 327.00 at 33,601.15 and the S&P 500 Index up 15.20 at 4,124.51. The 10-Year Treasury yield ended at 3.43%, near the lowest in six months. Early Tuesday, June Dow Jones futures are up 44 points. European markets are higher with the spot futures of the London FTSE 100 trading up 0.19%, spot futures of Germany's DAX trading up 0.69% and spot futures of France's CAC Index trading up 0.34%. Asian markets are also higher with Japan's Nikkei 225 index up 0.35% and China's Shanghai Composite Index up 0.49%.