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DTN Early Word Grains 11/20 05:50

20 Nov 2024
DTN Early Word Grains 11/20 05:50 Grain Markets Lower as Wheat Corrects Recent Rally; Soybeans Pressured by Lower Palm Oil December corn is down 1 1/2 cents per bushel, January soybeans are down 9 1/4 cents, March KC wheat is down 4 cents, December Chicago wheat is down 4 cents and March Minneapolis wheat is down 3 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is down 1 1/2 cents per bushel, January soybeans are down 9 1/4 cents, March KC wheat is down 4 cents, December Chicago wheat is down 4 cents and March Minneapolis wheat is down 3 cents. CME GLOBEX RECAP: World equity markets are mostly higher as Tuesday saw a broad recovery from the concerns around the conflict in Russia and the Ukraine. Instead, the market recovered on U.S. economic data and on thoughts that the nuclear threats from Russian president Putin were just more threats to try and push the Ukraine toward concessions in a peace deal. OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 120.66 at 43,268.94 and the S&P 500 up 23.36 at 5,916.98. The 10-Year Treasury yield ended at 4.379%. Early Wednesday, the December Dow Jones Futures are up 81 points. European markets are higher with the spot futures of London's FTSE 100 trading up 0.04%, spot futures of Germany's DAX is trading up 0.24% and the spot futures of France's CAC 40 Index up 0.08%. Asian markets are mixed with Japan's Nikkei 225 Index down 0.16% and China's Shanghai Composite Index up 0.66%.