DTN Early Word Grains 10/29 05:47
29 Oct 2024
DTN Early Word Grains 10/29 05:47 Grain Markets Higher on Strong Demand, Poor Initial Winter Wheat Condition Rating December corn is up 2 1/4 cents per bushel, November soybeans are up 5 3/4 cents, December KC wheat is up 4 cents, December Chicago wheat is up 3 1/4 cents and December Minneapolis wheat is up 2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 1/4 cents per bushel, November soybeans are up 5 3/4 cents, December KC wheat is up 4 cents, December Chicago wheat is up 3 1/4 cents and December Minneapolis wheat is up 2 cents. CME GLOBEX RECAP: World equity markets are mixed, but mostly higher on Tuesday morning after the U.S. market rebounded on Monday on decent earnings reports. This week has a ton of new data, beginning Tuesday with the Jolts report (job openings), consumer confidence and the Case-Shiller home price index. With both the employment report and the PCE report being released later this week, we would anticipate some volatility in equity markets in advance of, and after the release of those reports. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average up 273.17 at 42,387.57 and the S&P 500 up 15.40 at 5,823.52. The 10-Year Treasury yield ended at 4.278%. Early Tuesday, the December Dow Jones Futures are down 38 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.05%, spot futures of Germany's DAX is trading up 0.31% and the spot futures of France's CAC 40 Index up 0.44%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.77% and China's Shanghai Composite Index down 1.08%.