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DTN Early Word Grains 05/15 05:52
Grain Markets Lower on Rainfall Forecasts, Profit Taking in Soybeans
July corn is down 1/2 cent per bushel, July soybeans are down 14 1/2 cents,
July KC wheat is down 1/4 cent, July Chicago wheat is down 3/4 cent and July
Minneapolis wheat is down 1/4 cent.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is down 1/2 cent per bushel,
July soybeans are down 14 1/2 cents, July KC wheat is down 1/4 cent, July
Chicago wheat is down 3/4 cent and July Minneapolis wheat is down 1/4 cent.
CME GLOBEX RECAP: World equity markets are quiet and mixed after a similar
session on Wednesday that saw Dow futures slightly lower while the S&P 500
posted small gains. Traders are weighing recent announced trade deals and
rumors of future deals while assessing the odds of a successful negotiation
with the Chinese. There was no major economic data released on Wednesday, but
there will be several releases Thursday morning with the new PPI data being the
most important. Additionally, there will be a speech from Fed Chairman Powell
that will be watched closely.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 89.37 at 42,051.06 and the S&P 500 up 6.03 at 5,892.58. The
10-Year Treasury yield ended at 4.528%. Early Thursday, the June Dow Jones
Futures are down 153 points. European markets are mixed with the spot futures
of London's FTSE 100 trading up 0.38%, spot futures of Germany's DAX are
trading down 0.12% and the spot futures of France's CAC 40 Index down 0.25%.
Asian markets are lower with Japan's Nikkei 225 Index down 0.98% and China's
Shanghai Composite Index down 0.68%.
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