DTN Early Word Grains 01/16 06:00
Grains Try Higher Early Start
March corn is up 2 1/4 cents, March soybeans are up 4 1/4 cents, and March
K.C. wheat is up 3 1/2 cents.
By Todd Hultman
DTN Lead Analyst
Pre-6:00 a.m. CME Globex: March corn is up 2 1/4 cents, March soybeans are up
4 1/4 cents, and March K.C. wheat is up 3 1/2 cents.
CME Globex Recap: Currency markets are roughly steady, including the U.S.
dollar after the U.K.'s Brexit proposal failed and Prime Minister May now faces
a vote of confidence. European stock markets are mixed and the Dow Jones
futures are a little higher early with most of the commodity board returning to
green early Wednesday.
OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average up 155.75 at 24,065.59 and the S&P 500 up 27.69 at 2,610.30 while the
10-yr Treasury yield ended at 2.71%. Early Wednesday, DJIA futures are up 32
points. Asian markets are mostly lower with Japan's Nikkei 225 down 112.54
(-0.5%) and China's Shanghai Composite up 0.08 points (0.3%). European markets
are higher with London's FTSE 100 down 33.17 points (-0.5%), Germany's DAX down
8.60 points (-0.08%), and France's CAC 40 up 9.34 points (0.2%). The March euro
was steady at 1.146 and the March U.S. dollar index was down 0.01 at 95.66.
March 30-year T-Bonds were down 20/32nds while February gold was up $0.70 at
$1289.10 and February crude oil was down $0.16 at $51.95. Soybeans on China's
Dalian Exchange were down 1% while soymeal was down 1.0%.
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