DTN Early Word Grains 10/27 06:05
Grain Kept a Rollin'
December corn was 4 cents higher, November soybeans were 7 cents higher, and
December Chicago wheat was 5 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 4 cents higher, November soybeans
were 7 cents higher, and December Chicago wheat was 5 cents higher.
CME Globex Recap: November soybeans were trading near its overnight session
high as the train that is the grain complex kept rollin' all night long. Corn
and wheat also posted solid gains for a change. Energies and metals were higher
as the U.S. dollar index dipped down again. DJIA futures remained under
pressure, hinting at a possible lower open.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 30.06 points (0.2%)
higher at 18,199.33, the NASDAQ Composite lost 33.13 points (0.6%) to 5,250.27,
and the S&P 500 fell 3.73 points (0.2%) to close at 2,139.43 Wednesday. DJIA
futures were 10 points lower overnight. Asian markets were mostly lower with
Japan's Nikkei down 55.42 points (0.3%), Hong Kong's Hang Seng Index dropped
193.08 points (0.8%), and China's Shanghai Composite lost 3.96 points (0.1%).
European markets were lower Thursday with London's FTSE 100 down 15.37 points
(0.2%), Germany's DAX losing 28.48 points (0.3%), and France's CAC 40 off 26.63
points (0.6%). The U.S. dollar index was 0.055 lower at 98.574. Crude oil
rallied $0.17 to $49.35 while Brent crude gained $0.30 to $50.28. December gold
was $4.30 higher at $1,270.90. China's Dalian soybean futures were sharply
higher, likely following Wednesday's Chicago market, while Malaysian palm oil
futures posted small losses overnight.
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