DTN Early Word Grains 12/02 05:57
Jobs Friday Off to a Tentative Start
March corn was 1 cent higher, January soybeans were 1 cent higher, and March
Chicago wheat was 4 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was 1 cent higher, January soybeans were 1
cent higher, and March Chicago wheat was 4 cents higher.
CME Globex Recap: It should be a big weekend for financial markets, bookended
by Friday's U.S. November nonfarm payroll and unemployment rate figures and
Sunday's Italian referendum vote on constitutional changes. Early Friday finds
markets mostly quiet, though the energy complex has relaxed a bit. It's the
same-old-same-old in grains, with light overnight buying that won't last
through the day session providing support.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 68.35 points (0.4%)
higher at 19,191.93. The NASDAQ Composite lost 72.57 points (1.4%) to 5,251.11,
and the S&P 500 fell 7.73 points (0.4%) to close at 2,191.08 Thursday. DJIA
futures were 29 points lower Friday morning. Asian markets were lower with
Japan's Nikkei down 87.04 points (0.5%), Hong Kong's Hang Seng Index lost
313.41 points (1.4%), and China's Shanghai Composite dipped 28.47 points
(0.9%). European markets were also lower Friday with London's FTSE 100 down
58.84 points (0.9%), Germany's DAX falling 90.26 points (0.9%), and France's
CAC 40 off 53.32 points (1.2%). Italy's FTSE MIB was down 107.85 points (0.6%)
ahead of Sunday's vote. The U.S. dollar index was 0.06 lower at 100.98. Crude
oil slipped $0.61 to $50.45 while Brent crude fell $0.78 to $53.16. December
gold was $2.80 higher at $1,172.20. China's Dalian soybean futures were higher
while Malaysian palm oil futures were mixed overnight.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot