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DTN Early Word Grains 11/30 05:40
US Crop Prices Leaning Lower on Busy Thursday
EARLY MORNING GLOBEX NET CHANGES: March corn was steady, January soybeans
were down 2 cents and March KC wheat was down 3 cents.
Todd Hultman
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn was steady, January soybeans
were down 2 cents and March KC wheat was down 3 cents.
CME GLOBEX RECAP: Early Thursday, Dow Jones futures are trading higher after
Wednesday's report from the Commerce Department showed third-quarter U.S. GDP
up 3.0% from a year ago. USDA's weekly export sales report will be posted at
7:30 a.m. CST Thursday, the same time as weekly U.S. jobless claims, reports on
U.S. personal income and spending in October, the personal consumption
expenditures index for October, and an update of the U.S. Drought Monitor. The
Energy Department's report on natural gas storage follows at 10 a.m. Also on
Thursday, OPEC may decide to cut production again and an important UN climate
conference begins in the United Arab Emirates. See more here:
https://www.dtnpf.com/agriculture/web/ag/blogs/ag-policy-blog/blog-post/2023/11/
28/cop-leader-wants-us-tax-dollars-oil.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 13.44 at 35,430.42 and the S&P 500 Index down 4.31 at 4,550.58. The
10-Year Treasury yield ended at 4.27%. Early Thursday, December Dow Jones
futures are up 150 points. European markets are a little higher with the spot
futures of the London FTSE 100 trading up 0.29%, spot futures of Germany's DAX
trading up 0.14% and spot futures of France's CAC Index trading up 0.08%. Asian
markets are higher with Japan's Nikkei 225 index up 0.50% and China's Shanghai
Composite Index up 0.26%.
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