DTN Early Word Grains 08/14 05:59
A Quieter Start on Tuesday
December corn was up 1 1/4 cents, November soybeans were down 2 1/4 cents,
and September Chicago wheat was up 3 1/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: December corn was up 1 1/4 cents, November soybeans
were down 2 1/4 cents, and September Chicago wheat was up 3 1/4 cents.
CME Globex Recap: Investors are looking more relaxed early Tuesday with less
talk about Turkey and most stock markets trading higher. Outside commodities
are mixed with both gold and crude oil trading a little higher. Grains are also
mixed as the panic of Friday's new USDA estimates appears to be easing.
OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average down 125.44 points at 25,187.70 and the S&P 500 down 11.35 points at
2,821.93 while the 10-year Treasury yield ended at 2.88%. Early Tuesday, DJIA
futures were up 100 points. Asian markets are mostly higher with Japan's Nikkei
225 down 498.65 (2.3%) and China's Shanghai Composite down 4.91 (-0.2%).
European markets are modestly higher with London's FTSE 100 up 1.24 points
(0.02%), Germany's DAX up 29.92 points (0.2%), and France's CAC 40 up 8.45
points (0.2%). The euro was up .0010 and the U.S. dollar index was down 0.03 at
96.29. September 30-year T-Bonds were down 10/32nds while December gold was up
$2.70 at $1,201.60 and September crude oil was up $0.56 at $67.76. Soybeans on
China's Dalian Exchange were slightly higher and Malaysian palm oil futures
were up 0.4%.
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