DTN Early Word Grains 10/24 06:00
Grains Extend Gains Through Early Friday
December corn was 3 cents higher, November soybeans 6 cents higher, and
December Chicago wheat 9 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 3 cents higher, November soybeans 6
cents higher, and December Chicago wheat 9 cents higher.
CME Globex Recap: Soybeans breached the $10 mark while corn moved within 5
cents of its September high. Wheat contracts posted solid gains as well with
contracts near session highs early Friday. Outside commodities were mostly
lower with the energy complex extending this week's losses.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 216.58 points higher
Thursday at 16,677.90. DJIA futures were 18 points lower overnight. Asian
markets were mixed with the Nikkei up 152.68 points at 15,291.64 and the Hong
Kong market was down 30.98 points. European markets were mostly lower. The
overnight crude oil market was $0.80 lower at $81.29 while Brent crude was
$0.83 lower at $86.00. The December gold contract was $3.10 higher at $1,232.20
while the U.S. dollar index was 0.007 higher at 85.850. Soybeans at the Dalian
Exchange were higher while Malaysian palm oil contracts were also higher.
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