DTN Early Word Grains 11/13 05:49
13 Nov 2024
DTN Early Word Grains 11/13 05:49 Grain Markets Mixed Wednesday Amid a Correction of Recent Gains December corn is up 1/4 cent per bushel, January soybeans are up 1/4 cent, December KC wheat is down 2 1/2 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is down 1 cent. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel, January soybeans are up 1/4 cent, December KC wheat is down 2 1/2 cents, December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is down 1 cent. CME GLOBEX RECAP: World equity markets are mixed after Tuesday's selloff in U.S. equities as markets have shifted concerns back to China and the potential impact of the Trump administration's stated goal to increase tariffs on all imports into the United States. Traders will be watching closely release of the CPI data a little later Wednesday morning, for clues as to the direction of the economy and the next move from the Federal Reserve. OUTSIDE MARKETS: Previous close Tuesday showed the Dow Jones Industrial Average down 382.15 at 43,910.98 and the S&P 500 down 17.36 at 5,983.99, The 10-Year Treasury yield ended at 4.432%. Early Wednesday, the December Dow Jones Futures are down 105 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.11%, spot futures of Germany's DAX trading up 0.11% and the spot futures of France's CAC 40 Index up 0.13%. Asian markets are mixed with Japan's Nikkei 225 Index down 1.66% and China's Shanghai Composite Index up 0.51%.