DTN Early Word Grains 10/23 05:57
Grains Quietly Higher Early Thursday
Corn is higher at 6 a.m. (CT); soybeans are higher; wheat is higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 1 cent higher, November soybeans 4
cents higher, and December Chicago wheat 2 cents higher.
CME Globex Recap: The soy complex was able to post small gains overnight,
with the memory of Wednesday's sharp sell-off still fresh in traders' minds. As
has become the norm, corn and wheat didn't stray far from unchanged through
early Thursday with contracts posting 2-cent and 5-cent trading ranges,
respectively. Outside commodities were mixed.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 153.49 points lower
Wednesday at 16,461.32. DJIA futures were 83 points higher overnight. Asian
markets were mixed with the Nikkei down 56.81 points at 15,138.96 and the Hong
Kong market was down 70.79 points. European markets were also mixed. The
overnight crude oil market was $0.22 higher at $80.74 while Brent crude was
$0.29 higher at $85.00. The December gold contract was $6.70 lower at $1,238.80
while the U.S. dollar index was 0.016 lower at 85.725. Soybeans at the Dalian
Exchange were lower while Malaysian palm oil contracts were higher.
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