DTN Early Word Grains 12/01 05:56
Grains Start December in the Green
March corn was 2 cents higher, January soybeans were 4 cents higher, and
March Chicago wheat was 3 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was 2 cents higher, January soybeans were 4
cents higher, and March Chicago wheat was 3 cents higher.
CME Globex Recap: Grain contracts were higher early Tuesday, eschewing the
traditional Turnaround tendency following Monday's rally. Support came from a
lower U.S. dollar index, though the greenback remains within striking distance
of its long-term high, and reaction to Monday's long-delayed EPA announcement
on RFS. Outside markets were also higher, though gains were small in both gold
and crude oil.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 78.57 points lower
Monday at 17,719.92. The NASDAQ Composite was down 18.85 points at 5,108.67.
DJIA futures were 84 points higher overnight. Asian markets were higher with
the Nikkei up 264.93 points at 20,012.40 and China's Shanghai Composite up
10.90 points. European markets were mostly higher. The U.S. dollar index was
down 0.170 at 100.000. Crude oil was $0.24 higher at $41.89 while Brent crude
was $0.25 higher at $44.87. February gold was $2.80 higher at $1,058.10. Dalian
soybean futures were higher while Malaysian palm oil futures were lower.
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