DTN Early Word Grains 11/22 06:01
22 Nov 2024
DTN Early Word Grains 11/22 06:01 Grain Markets Mixed With Soybeans Testing Contract Lows Overnight December corn is up 2 cents per bushel, January soybeans are down 1 cent, March KC wheat is up 1/4 cent, March Chicago wheat is down 1 cent and March Minneapolis wheat is up 3 1/2 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 cents per bushel, January soybeans are down 1 cent, March KC wheat is up 1/4 cent, March Chicago wheat is down 1 cent and March Minneapolis wheat is up 3 1/2 cents. CME GLOBEX RECAP: World equity markets are mixed with U.S. futures lower after strong closes on Thursday in the Dow and the S&P. Thursday's data was mixed with the jobless claims falling but the Philly Fed manufacturing number well below trade expectations, bringing another rate cut into play from the Fed. Concerns about U.S. trade policy under a new administration continues to result in a choppy and somewhat volatile trade. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 461.88 at 43,870.35 and the S&P 500 up 31.60 at 5,948.71. The 10-Year Treasury yield ended at 4.432%. Early Friday, the December Dow Jones Futures are down 115 points. European markets are mixed with the spot futures of London's FTSE 100 trading up 0.62%, spot futures of Germany's DAX is trading down 0.18% and the spot futures of France's CAC 40 Index down 0.31%. Asian markets are mixed with Japan's Nikkei 225 Index up 0.68% and China's Shanghai Composite Index down 3.06%.