DTN Early Word Grains 11/14 05:45
14 Nov 2024
DTN Early Word Grains 11/14 05:45 Grain Markets Mixed as Recent Correction Continues December corn is up 1/4 cent per bushel, January soybeans are up 2 1/2 cents, December KC wheat is down 1 1/4 cents, December Chicago wheat is down 1 1/2 cents and December Minneapolis wheat is up 1 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel, January soybeans are up 2 1/2 cents, December KC wheat is down 1 1/4 cents, December Chicago wheat is down 1 1/2 cents and December Minneapolis wheat is up 1 3/4 cents. CME GLOBEX RECAP: World equity markets are mixed with European markets higher and Asian markets lower. U.S. markets are slightly higher after a quiet session on Wednesday that is balancing rate cuts and economic growth with concerns over new tariffs and uncertainty around the incoming administration. Wednesday's CPI report matched pre-report estimates in all categories and suggests that another rate cut could occur in December, but it will likely be dependent on other data over the course of the next month. Later Thursday we will get the PPI data and initial jobless claims. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 47.21 at 43,958.19 and the S&P 500 up 1.39 at 5,985.38. The 10-Year Treasury yield ended at 4.451%. Early Thursday, the December Dow Jones Futures are up 46 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.5%, spot futures of Germany's DAX is trading up 1.24% and the spot futures of France's CAC 40 Index up 0.91%. Asian markets are lower with Japan's Nikkei 225 Index down 0.48% and China's Shanghai Composite Index down 1.73%.