DTN Early Word Grains 09/24 06:08
Row Crops Weaker, Wheat Firmer to Start the Week
December corn was down 3/4 cent, November soybeans were down 8 1/2 cents,
and December K.C. wheat was up 1 1/4 cents.
DTN Contributing Analyst
6:00 a.m. CME Globex: December corn was down 3/4 cent, November soybeans were
down 8 1/2 cents, and December K.C. wheat was up 1 1/4 cents.
CME Globex Recap: Global equity markets are weaker Monday morning with trade
war and Fed-tightening concerns front and center. This is keeping the pressure
on the U.S. dollar, which is supportive to commodities. Crude is making fresh
2-1/2 month highs. Grains are mixed ahead of a big harvest week.
OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average up 86.52 points at 26,743.50 and the S&P 500 down 1.08 points at
2,929.67 while the 10-year Treasury yield ended at 3.067%. Early Monday, DJIA
futures were down 4.00. Asian markets are higher with Japan's Nikkei 225 up
195.00 points (0.82%) and China's Shanghai Composite up 68.24 (2.50%). European
markets are lower with London's FTSE 100 down 14.70 points (-0.20%), Germany's
DAX down 39.40 points (-0.32%), and France's CAC 40 down 11.42 points (-0.21%).
The euro was up 0.00235 at 1.18490 and the U.S. dollar index was down 0.1400 at
94.0760. September 30-year T-Bonds were down 8/32nds while December gold was up
$2.30 at $1203.60 and November crude oil was up $1.31 at $72.09 Soybeans on
China's Dalian Exchange closed down 0.11% while meal was up 0.57%.
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