DTN Early Word Grains 09/11 05:41
11 Sep 2023
DTN Early Word Grains 09/11 05:41 Grain Prices Mixed Ahead of Tuesday's USDA Supply and Demand Report December corn is up 3/4 cent per bushel, November soybeans are up 2 1/4 cents, December KC wheat is down 8 1/4 cents, December Chicago wheat is down 4 1/4 cents and December Minneapolis wheat is down 6 1/2 cents. By Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 3/4 cent per bushel, November soybeans are up 2 1/4 cents, December KC wheat is down 8 1/4 cents, December Chicago wheat is down 4 1/4 cents and December Minneapolis wheat is down 6 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed Monday morning as the U.S. and Europe are higher with Asian markets mostly lower. Clues to future Fed actions continue to be the main driver to equity prices. The next meeting of the Fed will conclude on September 20. The important data that traders will be watching this week include the release of the August CPI on Wednesday, PPI and Retail Sales on Thursday, and the University of Michigan consumer sentiment index on Friday. In agriculture, we have some major updates with the September Supply and Demand report being released Tuesday morning at 10 a.m. CDT, and the NOPA crush report Friday morning. OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 75.86 at 34,576.59 and the S&P 500 up 6.35 at 4,457.49, The 10-Year Treasury yield ended at 4.26%. Early Monday, the September Dow Jones Futures are up 58 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.21%, spot futures of Germany's DAX is trading up 0.46% and the spot futures of France's CAC 40 Index up 0.51%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.43% and China's Shanghai Composite Index up 0.84%.