DTN Early Word Grains 03/03 05:56
Grains Quietly Higher Early Tuesday
May corn was 2 cents higher, May soybeans were 1 cent higher, and May
Chicago wheat was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: May corn was 2 cents higher, May soybeans were 1 cent
higher, and May Chicago wheat was 1 cent higher.
CME Globex Recap: All three grains posted quiet overnight sessions with corn
and wheat contracts moving within 3-cent trading ranges. Soybeans extended
their range to only 6 cents. Outside markets were mixed, with energies higher
and metals lower early Tuesday.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 155.93 points higher
Monday at 18,288.63. Dow Jones futures were 6 points lower early Tuesday. Asian
markets were mostly higher though the Nikkei was down 11.72 points at
18,815.16. European markets were also mostly higher. The overnight crude oil
market was $0.69 higher at $50.28 while Brent crude was $1.21 higher at $60.75.
The April gold contract was $0.60 lower at $1,207.60 while the U.S. dollar
index was 0.038 higher at 95.500. Soybeans at the Dalian Exchange were lower
while Malaysian palm oil contracts were mixed.
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