DTN Early Word Grains 09/15 05:55
Row Crops Edge Higher, Even as Nicholas Dumps Rain
December corn is up 5 cents, November soybeans are up 8 3/4 cents and
December KC wheat is up 3 1/4 cents.
DTN Lead Analyst
Pre-6 a.m. CDT prices, CME Globex: December corn is up 5 cents, November
soybeans are up 8 3/4 cents and December KC wheat is up 3 1/4 cents.
CME Globex Recap: Early Wednesday, Dow Jones futures are trading a little
higher, trying to recover from Tuesday's 292-point loss and stay above its
100-day average at 34,400. European markets are mixed after the European Union
and RTTNews.com reported industrial production up 1.5% in July and up 7.7% from
a year ago, higher than was expected. Wednesday's higher crude oil price
appears to be indicating concerns about the delta variant are easing. Tuesday's
report that U.S. consumer prices were up a less-than-expected 0.3% in August
helped ease inflation concerns, at least temporarily.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 292.06 at 34,577.57 and the S&P 500 down 25.68 at 4,443.05 as the
10-Year Treasury yield ended at 1.32%. Early Tuesday, September Dow Jones
futures are trading up 69 points. Asian markets are lower with Japan's Nikkei
225 index down 0.52% and China's Shanghai Composite Index down 0.17%. European
markets are mixed with the spot futures of the London FTSE 100 trading up
0.04%, spot futures of Germany's DAX trading up 0.01% and spot futures of
France's CAC Index trading down 0.19%. The December euro is up $0.0017 at
$1.1846. The December U.S. Dollar Index is down 0.15 at 92.46. The December
30-year T-bond is up 1/16nds, while December gold is down $4.80 at $1,802.30
and October crude oil is up $0.73 at $71.19. On China's Dalian exchange,
January corn was up 0.2%, November soybeans were down 0.1%, January soybean
meal was up 0.1% and January soybean oil was unchanged. September common wheat
on China's Zhengzhou exchange was unchanged. November Malaysian palm oil is
trading up 1.9%.
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