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DTN Early Word Grains 10/17 05:48

17 Oct 2024
DTN Early Word Grains 10/17 05:48 Grain Markets Lower on Poor Technical Outlook, Brazilian Rainfall, Harvest Pressure December corn is down 2 1/4 cents per bushel, November soybeans are down 8 1/4 cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is up 1 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 1/4 cents per bushel, November soybeans are down 8 1/4 cents, December KC wheat is down 2 3/4 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is up 1 3/4 cents. CME GLOBEX RECAP: World equity markets mixed, with Europe and the U.S. higher while Asian markets are lower Thursday morning. On Wednesday, markets recovered from the tech-led selloff as the chip sector has rebounded on better earnings from major chipmakers. Most of the major economic data for this week will be released Thursday, with initial jobless claims, retail sales, industrial production, capacity utilization, and business inventories all being released Thursday morning. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 337.28 at 43,077.70 and the S&P 500 up 27.21 at 5,842.47. The 10-Year Treasury yield ended at 4.016%. Early Thursday, the December Dow Jones Futures are down 9 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading up 0.35%, spot futures of Germany's DAX is trading up 0.68% and the spot futures of France's CAC 40 Index up 1.21%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index down 0.69% and China's Shanghai Composite Index down 1.05%.