DTN Early Word Grains 05/27 05:57
Grains Quietly Mixed Early Friday
July corn was unchanged, July beans were 2 cents higher, and July Kansas
City wheat was 3 cents lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was unchanged, July beans were 2 cents
higher, and July Kansas City wheat was 3 cents lower.
CME Globex Recap: Grains were relatively quiet overnight while soybean meal
slipped lower through early Friday morning. Outside markets were under
pressure, due in part to renewed buying interest in the U.S. dollar index. DJIA
futures were higher, indicating equities could see early strength.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 23.22 points lower
at 17,828.29, the NASDAQ Composite gained 6.88 points to 4,901.77, and the S&P
500 dipped 0.44 point to close at 2,090.10 Thursday. DJIA futures were 15
points higher overnight. Asian markets were mostly higher with Japan's Nikkei
up 62.38 points (0.4%) while China's Shanghai Composite lost 1.40 points.
European markets were quietly mixed with London's FTSE 100 up 2.84 points. The
U.S. dollar index gained 0.121 to 95.289. Crude oil lost $0.39 to $49.09 while
Brent crude fell $0.55 to $49.04. June gold was $2.50 lower at $1,217.90.
China's Dalian soybean futures were higher and Malaysian palm oil futures were
Get your local Cash Bids emailed to you each morning from DTN – click here
to sign up for DTN Snapshot.