DTN Early Word Grains 10/01 05:56
U.S. Dollar Index Rallies; Grains Sag Early Wednesday
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn 1 cent lower, November soybeans 4 cents
lower, and December Chicago wheat 2 cents lower.
CME Globex Recap: The U.S. dollar index extended its rally again overnight,
putting light pressure on grains again. Outside commodities were mostly higher,
led by the energy complex. However, a large storm system extending from Kansas
City to near Minneapolis could slow harvest progress as it slowly tracks to the
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 28.32 points lower
Tuesday at 17,042.90. DJIA futures were unchanged overnight. Asian markets were
mostly lower with the Nikkei down 91.27 points at 16,082.25. The Hong Kong
market was closed for holiday. European markets were mixed. The overnight crude
oil market was $0.51 higher at $91.67 while Brent crude was $0.29 higher at
$94.96. The December gold contract was $2.60 lower at $1,209.00 while the U.S.
dollar index was 0.105 higher at 86.041. Soybeans at the Dalian Exchange were
closed for holiday while Malaysian palm oil contracts were lower.
For more free DTN information sent right to your email each morning - click here
to sign up for DTN Snapshot.