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DTN Early Word Grains 03/27 05:42
Grain Markets Mixed to Begin Week After Sharp Correction Friday
May corn is down 3 cents, May soybeans are up 1 cent and May KC wheat is
down 6 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: May corn is down 3 cents, May soybeans are
up 1 cent and May KC wheat is down 6 cents.
CME GLOBEX RECAP: After last week's volatility, markets are quieter and
modestly higher to start the week. Between government intervention and private
market takeovers, the world's banking system feels a little more stable than it
did last week. This helped equity markets rebound on Friday and so far, Monday
morning. It will be a slower week for economic reports, with the Case-Shiller
home price index on Tuesday, weekly jobless claims on Thursday, and a number of
personal consumer reports on Friday.
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 132.28 at 32237.53 and the S&P 500 Index up 22.27 at 3,970.99. The
10-Year Treasury yield ended at 3.38%. Early Monday, June Dow Jones futures are
up 154 points. European markets are higher with the spot futures of the London
FTSE 100 trading up 0.84%, spot futures of Germany's DAX trading up 1.42% and
spot futures of France's CAC Index trading up 1.10%. Asian markets are mixed
with Japan's Nikkei 225 index up 0.33% and China's Shanghai Composite Index
down 0.04%.
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