DTN Early Word Grains 09/19 05:54
It's Tuesday, So That Must Mean Turnaround
December corn was 1 cent higher, November soybeans were fractionally higher,
and December Chicago (SRW) wheat was 2 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans were
fractionally higher, and December Chicago (SRW) wheat was 2 cents higher.
CME Globex Recap: Early Tuesday morning sees most commodity markets that were
under pressure Monday posting small gains. Corn and soybeans were fractionally
higher while wheat had rallied a couple cents. Gold and silver were slightly
higher, nowhere near erasing the previous session's losses. Energies were
higher and softs mixed, with cotton still struggling to find renewed buying
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 63.01 points (0.3%)
higher at 22,331.35, the NASDAQ Composite gained 6.17 points (0.1%) to
6,454.64, and the S&P 500 gained 3.64 points (0.2%) to 2,503.87 Monday. DJIA
futures were 22 points higher early Tuesday morning. Asian markets closed
mostly lower with Japan's Nikkei up 389.88 points (2.0%) as it made up for the
previous day's holiday, Hong Kong's Hang Seng lost 108.36 points (0.4%), and
China's Shanghai Composite dipped 6.01 points (0.2). European markets were
trading mixed with London's FTSE 100 up 14.74 points (0.2%), Germany's DAX down
12.49 points (0.1%), and France's CAC 40 rallying 4.64 points (0.1%). The euro
was 0.0032 higher at 1.1985 and the U.S. dollar index dipped 0.13 to 91.90.
December 30-year T-Bonds were 6/32 higher at 154'17 while December gold added
$1.20 to $1,312.00. Crude oil was $0.40 higher at $50.31 while Brent crude
gained $0.23 to $55.71. China's Dalian soybean futures were mixed and Malaysian
palm oil futures were lower overnight.
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