DTN Early Word Grains 09/26 05:54
Another Quiet Early Morning
December corn was 1 cent lower, November soybeans were unchanged, and
December Chicago (SRW) wheat was fractionally higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 1 cent lower, November soybeans were
unchanged, and December Chicago (SRW) wheat was fractionally higher.
CME Globex Recap: Grain and oilseed markets weren't showing much change from
Monday's close early Tuesday morning, with markets generally in the red once
again. Two exceptions were bean oil and canola, both following Malaysian palm
oil higher overnight. Other commodity sectors were mostly lower with gold,
crude oil, and cotton all showing minor losses.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 53.50 points (0.2%)
lower at 22,296.09, the NASDAQ Composite lost 56.33 points (0.9%) to 6,370.59,
and the S&P 500 slipped 5.56 points (0.2%) to 2,496.66 Monday. DJIA futures
were 7 points higher early Tuesday morning. Asian markets closed mixed with
Japan's Nikkei down 67.39 points (0.3%), Hong Kong's Hang Seng gaining 12.67
points, and China's Shanghai Composite up 2.03 points. European markets were
trading mixed with London's FTSE 100 down 6.59 points, Germany's DAX up 27.29
points (0.2%), and France's CAC 40 gaining 3.12 points. The euro was 0.0034
lower at 1.1816 while the U.S. dollar index rallied 0.20 to 92.86. December
30-year T-Bonds were 1/32 higher at 154'30 while December gold dipped $3.00 to
$1,308.50. Crude oil was $0.27 lower at $51.95 while Brent crude lost $0.46 to
$58.56. China's Dalian soybean and Malaysian palm oil futures were higher
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