DTN Early Word Grains 04/12 05:54
Row Crops Mixed, Wheat Starting Lower Monday
May corn is up 1 1/2 cents, May soybeans are down 8 3/4 cents and July KC
wheat is down 3 1/2 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: May corn is up 1 1/2 cents, May soybeans are down
8 3/4 cents and July KC wheat is down 3 1/2 cents.
CME Globex Recap: Early Monday, Dow Jones futures are trading lower with
markets mixed in Europe and lower in Asia. May crude oil is a little higher,
but still showing concern about an increase of coronavirus infections in Europe
and India, reported Reuters. Soybean oil is trading lower, pressured by news
Brazil is temporarily reducing its biodiesel mandate. Spring wheat is starting
lower with rain in this week's forecast for Manitoba and the Dakotas.
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 297.03 at 33,800.60 and the S&P 500 up 31.63 at 4,128.80 while the
10-Year Treasury yield ended at 1.67%. Early Monday, December Dow Jones futures
are down 73 points. Asian markets are lower with Japan's Nikkei 225 down 229.33
(-0.8%) and China's Shanghai Composite down 37.73 (-1.1%). European markets are
mixed with London's FTSE 100 down 33.19 points (-0.5%), Germany's DAX up 4.10
points (0.03%) and France's CAC 40 down 1.90 points (-0.03%). The June euro is
steady at $1.1919. The June U.S. Dollar Index is down 0.04 at 92.13. The June
30-year T-bond is up 5/32nds, while June gold is down $3.20 at $1,741.60 and
May crude oil is up $0.14 at $59.46. On China's Dalian exchange, May corn was
down 0.6%, May soybeans were down 1.7%, September soybean meal was down 0.6%
and May bean oil was down 0.9%. July common wheat on China's Zhengzhou exchange
was unchanged. June Malaysian palm oil is trading down 3.1%.
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