DTN Early Word Grains 10/07 05:57
Grains Quiet Early Wednesday
December corn was unchanged, November soybeans were 2 cents higher, and
December Chicago wheat was 3 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was unchanged, November soybeans were 2
cents higher, and December Chicago wheat was 3 cents higher.
CME Globex Recap: Grains were quietly higher early Wednesday, once again led
by wheat. Winter contracts were 3 to 4 cents higher while spring wheat was up 2
cents. Soybeans were also 2 cents higher while corn was near unchanged. Outside
markets were also higher, obviously due to wheat as well, with gold up $1.40
and crude oil up $0.80.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 13.76 points higher
Tuesday at 16,790.19. The NASDAQ Composite was down 32.90 points at 4,748.36.
DJIA futures were 86 points higher overnight. Asian markets were higher with
the Nikkei up 136.88 points at 18,322.98. European markets were mostly higher.
The U.S. dollar index was up 0.090 at 95.545. Crude oil was $0.83 higher at
$49.36 while Brent crude was $0.71 higher at $52.63. December gold was $1.80
higher at $1,148.20. Malaysian palm oil futures were lower.
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