DTN Early Word Grains 12/06 05:58
Grains Mostly Higher Early Friday
Corn futures are higher at 6 a.m. CST, soybeans lower and wheat higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Corn 2 cents higher, soybeans 6 cents lower, and wheat
2 cents higher.
CME Globex Recap: Corn and wheat traded either side of unchanged overnight
with contracts trading near session highs early Friday morning. Light support
from noncommercial short-covering was noted, despite the small rally in the
U.S. dollar index. Soybeans were lower throughout the overnight session on
renewed commercial selling.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 68.26 points lower
Thursday at 15,821.51. Dow Jones Industrial Average futures were 33 points
higher overnight, indicating renewed buying interest could be seen Friday.
Asian markets were mixed with the Nikkei up 122.37 points at 15,299.86.
European markets were mostly higher. The overnight crude oil market was $0.11
lower at $97.27 while Brent crude was $0.49 higher at $111.47. The February
gold contract was $3.40 lower at $1,228.50 while the U.S. dollar index is 0.082
higher at 80.317. Soybeans at the Dalian Exchange were lower while Malaysian
palm oil futures were higher.
DTN offers additional daily information available free through DTN Snapshot – sign up