DTN Early Word Grains 11/19 05:48
19 Nov 2024
DTN Early Word Grains 11/19 05:48 Grain Markets Mixed With Wheat the Leader Once Again on Russia-Ukraine Escalation December corn is up 1 1/4 cents per bushel, January soybeans are down 3 1/2 cents, March KC wheat is up 3 cents, December Chicago wheat is up 5 cents and March Minneapolis wheat is up 2 3/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 1 1/4 cents per bushel, January soybeans are down 3 1/2 cents, March KC wheat is up 3 cents, December Chicago wheat is up 5 cents and March Minneapolis wheat is up 2 3/4 cents. CME GLOBEX RECAP: World equity markets have turned lower as Russia has indicated that they have signed a document declaring that any attack on Russia by any nation that is supported by a nuclear power is a joint attack on Russia, and that Russian maintains the right to a response with nuclear weapons. This comes after President Biden has allowed Ukraine to strike military targets inside Russia with U.S. made long range missiles. Upon the announcement from Russia, U.S. and European equity markets turned sharply lower in response. Economic data being released Tuesday includes housing starts and building permits. Monday's home builder confidence index was a little better than expected. Monday's session was quiet with tech stocks rebounding, and the Dow futures retreating slightly. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 55.39 at 43,389.60 and the S&P 500 up 23.00 at 5,893.62. The 10-Year Treasury yield ended at 4.414%. Early Tuesday, the December Dow Jones Futures are down 263 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.36%, spot futures of Germany's DAX is trading down 1.13% and the spot futures of France's CAC 40 Index down 1.26%. Asian markets are higher with Japan's Nikkei 225 Index up 0.51% and China's Shanghai Composite Index up 0.67%.