DTN Early Word Grains 04/25 06:16
The Green Grain Train is Rolling
July corn was 1 cent higher, July soybeans were 5 cents higher, and July
Kansas City (HRW) wheat was 3 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was 1 cent higher, July soybeans were 5 cents
higher, and July Kansas City (HRW) wheat was 3 cents higher.
CME Globex Recap: The grain and oilseed complex was higher early Wednesday
despite the renewed strength of the U.S. dollar. Soybeans led the way, followed
by winter wheat and then corn. Other commodity sectors were mixed with crude
oil higher and gold lower. Meanwhile, cotton tried to recover some of Tuesday's
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 424.56 points (1.7%)
lower at 24,024.13, the NASDAQ Composite lost 121.25 points (1.7%) to 7,007.35,
and the S&P 500 fell 35.73 points (1.3%) to 2,634.56 Tuesday. DJIA futures were
55 points lower early Wednesday morning. Asian markets closed lower with
Japan's Nikkei 225 down 62.80 points (0.3%), Hong Kong's Hang Seng losing
308.09 points (1.0%), and China's Shanghai Composite falling 10.95 points
(0.4%). European markets were trading lower with London's FTSE 100 down 49.82
points (0.7%), Germany's DAX falling 200.85 points (1.6%), and France's CAC 40
off 34.90 points (0.6%). The euro was 0.0022 lower at 1.2210 while the U.S.
dollar index rallied 0.19 to 90.98. June 30-year T-Bonds were 20/32 lower at
141'29 while June gold lost $7.70 to $1,325.30. Crude oil was $0.13 higher at
$67.83 as Brent crude added $0.02 to $73.88. China's Dalian soybean futures
were lower and Malaysian palm oil futures were mixed overnight.
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