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10 Oct 2024
DTN Early Word Grains 10/10 05:47 Wheat Leading Grain Markets Higher Thursday Morning December corn is up 2 1/4 cents per bushel, November soybeans are up 3/4 cent, December KC wheat is up 7 1/4 cents, December Chicago wheat is up 8 1/4 cents and December Minneapolis wheat is up 4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 1/4 cents per bushel, November soybeans are up 3/4 cent, December KC wheat is up 7 1/4 cents, December Chicago wheat is up 8 1/4 cents and December Minneapolis wheat is up 4 cents. CME GLOBEX RECAP: World equity markets are mixed on Wednesday morning, as European markets are all lower despite the big rally in U.S. markets on Wednesday. Asian markets are higher however, catching up to the U.S. rally after a very choppy trade in China since reopening on Tuesday. The U.S. market is taking a breather ahead of the morning's release of the CPI report. That report is expected to show CPI up only 2.3% year over year, an inflation rate that is very close to the Federal Reserve's target of 2.0%. Traders are hoping for a reading that will support additional interest rate cuts from the Fed in November and December. OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 431.63 at 42,512.0 and the S&P 500 up 40.91 at 5,792.04. The 10-Year Treasury yield ended at 4.067%. Early Thursday, the December Dow Jones Futures are down 68 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.13%, spot futures of Germany's DAX is trading down 0.37% and the spot futures of France's CAC 40 Index down 0.33%. Asian markets are higher with Japan's Nikkei 225 Index up 0.26% and China's Shanghai Composite Index up 1.32%.
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