DTN Early Word Grains 09/24 06:10
Grains Ease to Finish Week
December corn is down 3 1/4 cents per bushel, November soybeans are down 3
cents, and December KC wheat is down 3 1/2 cents.
DTN Contributing Analyst
Pre-6 a.m. CDT prices, CME Globex: December corn is down 3 1/4 cents per
bushel, November soybeans are down 3 cents, and December KC wheat is down 3 1/2
CME Globex Recap: Equity markets are weaker overnight with U.S. futures
looking to close the week on a lower note. Energy futures are higher overnight
with crude oil solidly back above the $73.00 mark heading into the weekend. The
U.S. Dollar Index is firmer, holding together after the big reversal posted
Thursday. Metals markets are mostly firmer with gold and copper higher while
silver paces with small losses. Grain markets are weaker across the board early
Friday morning as early gains in the overnight session are relinquished. This
should be a big harvest weekend across the Midwest which could bring with it
plenty of pre-hedging before final settlements.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 506.50 at 34,764.82 and the S&P 500 up 53.34 at 4,395.64 while the
10-Year Treasury yield ended at 1.41%. Early Friday, the December DJIA futures
are down 97 points. Asian markets are mixed with Japan's Nikkei 225 up 609.41
(2.06%) and China's Shanghai Composite down 29.15 points (-0.8%). European
markets are lower with London's FTSE 100 down 14.59 points (-0.21%), Germany's
DAX down 109.91 points (-0.7%) and France's CAC 40 down 59.86 points (-0.89%).
The December Euro is down 0.001 at 1.180 and the December U.S. dollar index is
up 0.130 at 93.160. The December 30-Year T-Bond is up 1/32nds, while December
gold is up $6.80 at $1,756.60 and November crude oil is up $0.05 at $73.35.
Soybeans on China's Dalian Exchange were up 1.67% while soybean meal was up
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