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DTN Early Word Grains 10/04 05:29

4 Oct 2023
DTN Early Word Grains 10/04 05:29 Soybeans Start Higher, Wheat Lower Early Wednesday After Tuesday's Bearish Outside Markets December corn was down 1/2 cent, November soybeans were up 7 cents and December KC wheat was down 8 cents. Todd Hultman DTN Lead Analyst EARLY MORNING GLOBEX NET CHANGES: December corn was down 1/2 cent, November soybeans were up 7 cents and December KC wheat was down 8 cents. CME GLOBEX RECAP: Early Wednesday, Dow Jones futures are a little higher with mixed trade in Europe and Asia. Thursday's sell-off in the stock market accompanied news of more job openings in August than expected and also the vacating of the U.S. Speaker of the House. A report on U.S. factory orders is due out at 9:00 a.m. CDT Wednesday, followed by the U.S. Energy Department's weekly report of energy inventories at 9:30 a.m. CDT, including ethanol production. Traders will remain interested in the weather, harvest reports and news from Ukraine. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 430.97 at 33,002.38 and the S&P 500 Index down 58.94 at 4,229.45. The 10-Year Treasury yield ended at 4.80%, the highest in 16 years. Early Wednesday, December Dow Jones futures are up 27 points. European markets are mixed with the spot futures of the London FTSE 100 trading up 0.03%, spot futures of Germany's DAX trading down 0.19% and spot futures of France's CAC Index trading up 0.12%. Asian markets are also mixed with Japan's Nikkei 225 index down 2.28% and China's Shanghai Composite Index up 0.10%.