Printable Page Corn News   Return to Menu - Page 1 2 3 4 5 6
 
 
DTN Early Word Grains         02/05 05:55
   January Jobs and the Year of the Monkey

   March corn was fractionally lower, March soybeans were 3 cents higher, and
March Chicago wheat was fractionally lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was fractionally lower, March soybeans were
3 cents higher, and March Chicago wheat was fractionally lower.

CME Globex Recap:   Though this morning's title sounds like a cheap Indiana
Jones ripoff (much like Crystal Skull was), it's actually in reference to the
two major market events traders will be tracking Friday. This week's collapse
in the U.S. dollar index could focus even more attention on the January jobs
data set for release, while China is set to begin its weeklong New Year's
holiday next week. Both could play a major role in the direction of grains,
with markets tentatively mixed overnight into early Friday morning. Energies
and metals were mostly higher while DJIA futures continued to rally.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 79.92 points higher
at 16,416.58, the NASDAQ Composite was up 5.32 points at 4,509.56, and the S&P
500 rallied 2.92 points to close at 1,915.45 Wednesday. DJIA futures were 35
points higher overnight. Asian markets were mixed with the Nikkei down another
225.40 points (1.3%) and China's Shanghai Composite fell 17.53 points (0.6%) on
the last day before its weeklong holiday. European markets were higher with
London's FTSE 100 up 36.33 points (0.6%). The U.S. dollar index was 0.646 lower
at 96.642. Crude oil was up $0.19 at $32.47 while Brent crude was off $0.04 to
$35.00. April gold was $5.70 higher at $1,147.00. Dalian soybean and Malaysian
palm oil futures were both lower.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN