DTN Early Word Grains 10/30 05:56
Grains Extend Rally Overnight
December corn was 3 cents higher, November soybeans 3 cents higher, and
December Chicago wheat 6 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 3 cents higher, November soybeans 3
cents higher, and December Chicago wheat 6 cents higher.
CME Globex Recap: Grains were trading higher again early Thursday with corn
and wheat contracts near overnight session highs. Outside commodities were
under pressure, led by an almost $20 sell-off in gold. The U.S. dollar index
had pushed higher while DJIA futures were lower.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 31.44 points lower
Wednesday at 16,974.31. Dow Jones Industrial Average futures were 29 points
lower overnight. Asian markets were mostly higher with the Nikkei up 104.29
points and the Hong Kong market down 117.83 points. European markets were
mostly lower. The overnight crude oil market was $0.67 lower at $81.53 while
Brent crude was $0.66 lower at $86.46. The December gold contract was $19.80
lower at $1,205.10 while the U.S. dollar index was 0.229 higher at 86.220.
Soybeans at the Dalian Exchange were higher while Malaysian palm oil contracts
were also higher.
DTN offers additional daily information available free through DTN Snapshot – sign up