DTN Early Word Grains 04/26 05:56
Sssh, You'll Wake the Markets
July corn was 1 cent higher, July soybeans were 1 cent lower, and July
Kansas City (HRW) wheat was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was 1 cent higher, July soybeans were 1 cent
lower, and July Kansas City (HRW) wheat was 1 cent higher.
CME Globex Recap: Grain markets were relatively quiet early Wednesday, as if
still snoozing following two active days to start the week. Outside markets
were also acting sleepy with both energies and metals showing little life.
Financials were a little more active, but not much, as both the U.S. dollar
index and DJIA futures were up early.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 232.23 points (1.1%)
higher at 20,996.12. The NASDAQ Composite gained 41.67 points (0.7%) to
6,025.49 and the S&P 500 added 14.46 points (0.6%) to 2,388.61 Tuesday. DJIA
futures were 44 points higher early Wednesday morning. Asian markets closed
higher with Japan's Nikkei rallying 210.10 points (1.1%), Hong Kong's Hang Seng
gaining 122.49 points (0.5%), and China's Shanghai Composite up 6.28 points
(0.2%). European markets were trading mixed Wednesday with London's FTSE 100
off 4.26 points, Germany's DAX losing 3.46 points, and France's CAC 40 gaining
4.54 points (0.1%). The euro was 0.0032 lower at 1.0894 while the U.S. dollar
index gained 0.23 at 99.06. June 30-year T-Bonds were unchanged at 152'13 while
June gold lost $1.30 to $1,265.90. Crude oil was $0.14 lower at $49.42 while
Brent crude dipped $0.16 to $51.94. China's Dalian soybean and Malaysian palm
oil futures were both higher overnight.
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