DTN Early Word Grains 12/15 05:56
March corn was fractionally higher, January soybeans were 3 cents higher,
and March Chicago (SRW) wheat was fractionally higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was fractionally higher, January soybeans
were 3 cents higher, and March Chicago (SRW) wheat was fractionally higher.
CME Globex Recap: The grain and oilseed complex was green again overnight
into early Friday morning, led by commercial buying in Chicago wheat. Soybeans
posted a modest rally while corn, as usual, was fractionally higher. Softs and
metals were mostly higher as cotton and gold continued to see solid buying
interest. The energy complex was also higher. The U.S. dollar index was lower
while DJIA futures rallied.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 76.77 points (0.3%)
lower at 24,508.66, the NASDAQ Composite lost 19.27 points (0.3%) to 6,856.53,
and the S&P 500 dropped 10.84 points (0.4%) to 2,652.01 Thursday. DJIA futures
were 47 points higher early Friday morning. Asian markets closed mostly lower
with Japan's Nikkei 225 down 141.23 points (0.6%), Hong Kong's Hang Seng off
318.27 points (1.1%), and China's Shanghai Composite losing 26.30 points
(0.8%). European markets were trading lower with London's FTSE 100 down 1.20
points, Germany's DAX off 30.33 points (0.3%), and France's CAC 40 losing 13.83
points (0.3%). The euro gained 0.0030 to 1.1807 as the U.S. dollar index fell
0.26 to 93.43. March 30-year T-Bonds were 4/32 lower at 153'31 while February
gold gained $3.60 to $1,260.70. January bitcoin was $1,550 higher at $18,350.
Crude oil was $0.38 higher at $57.42 while Brent crude added $0.17 to $63.48.
China's Dalian soybean futures were mostly higher and Malaysian palm oil
futures were higher overnight.