DTN Early Word Grains 04/27 05:57
Grains Mostly Lower to Start Another Week
July corn was 1 cent lower, July soybeans were fractionally higher, and July
Kansas City wheat was 1 cent lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was 1 cent lower, July soybeans were
fractionally higher, and July Kansas City wheat was 1 cent lower.
CME Globex Recap: Grains were lower for most of the overnight session, though
soybeans had inched higher early Monday morning. Pressure was tied to
follow-through selling from last week as well spillover activity from outside
markets. Soybeans were lifted by a stronger Dalian market. Energy markets were
lower, pressured by a rally in the U.S. dollar index. Metals were holding on to
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 21.45 points higher
Friday at 18,080.14. Asian markets were mixed with the Nikkei down 36.72 points
at 19,983.32. European markets were mostly lower. The overnight crude oil
market was $0.42 lower at $56.73 while Brent crude was $0.53 lower at $64.75.
The June gold contract was $6.70 higher at $1,181.70 while the U.S. dollar
index was 0.307 higher at 97.229. Soybeans at the Dalian Exchange were higher
while Malaysian palm oil contracts were lower.
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