DTN Early Word Grains 10/22 05:51
22 Oct 2024
DTN Early Word Grains 10/22 05:51 Grain Markets Mixed With Strong Harvest Progress Offset by Strong Cash Markets December corn is up 1/2 cent per bushel, November soybeans are up 1 cent, December KC wheat is down 3 1/4 cents, December Chicago wheat is down 3 1/2 cents and December Minneapolis wheat is down 3 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/2 cent per bushel, November soybeans are up 1 cent, December KC wheat is down 3 1/4 cents, December Chicago wheat is down 3 1/2 cents and December Minneapolis wheat is down 3 1/4 cents. CME GLOBEX RECAP: World equity markets are mostly lower again on Tuesday morning with the Chinese market once again being the loan market that is showing some strength. On Monday, the U.S. market was mixed, with tech stocks higher but with both the Dow and the S&P lower. U.S. leading economic indicators came in weaker than expected. We will not get any new data points Tuesday, but we do have a speech from the Philadelphia Federal Reserve president. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 344.31 at 42,931.60 and the S&P 500 down 10.69 at 5,853.98. The 10-Year Treasury yield ended at 4.182%. Early Tuesday, the December Dow Jones Futures are down 200 points. European markets are mixed/higher/lower with the spot futures of London's FTSE 100 trading down 0.81%, spot futures of Germany's DAX is trading down 0.27% and the spot futures of France's CAC 40 Index down 0.79%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index down 1.39% and China's Shanghai Composite Index up 0.54%.