Printable Page Corn News   Return to Menu - Page 1 2 3 4 5 6
 
 
DTN Early Word Grains         09/30 05:58
   Grains Lower on Strong Rally in U.S. Dollar Index

   Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:  December corn 1/2 cent lower, November soybeans 5 cents
lower, and December Chicago wheat 3 cents lower.

CME Globex Recap:   According to data, inflation in Europe dropped to 0.3% in
September, the lowest level since October 2009, putting additional pressure on
the Euro and sparking another strong rally in the U.S. dollar index. This
helped to put pressure on commodities, including grains, though the energy
complex was mostly higher early Tuesday.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 41.93 points lower
Monday at 17,071.22. Dow Jones Industrial Average futures were unchanged
overnight. Asian markets were mostly lower with the Nikkei down 137.12 points
at 16,173.52. The Hong Kong market was down 296.23 points. European markets
were mostly higher. The overnight crude oil market was $0.19 higher at $94.76
while Brent crude was $0.38 higher at $97.58. The December gold contract was
$7.80 lower at $1,211.00 while the U.S. dollar index was 0.410 higher at
86.001. Soybeans at the Dalian Exchange were lower while Malaysian palm oil
contracts were higher.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN