DTN Early Word Grains 04/17 05:57
Grains Mixed Early Friday
May corn was unchanged, May soybeans were 1 cent lower, and May Chicago
wheat was fractionally higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: May corn was unchanged, May soybeans were 1 cent lower,
and May Chicago wheat was fractionally higher.
CME Globex Recap: Grain contracts traded either side of unchanged during
another quiet overnight session. Corn posted a narrow 1 cent trading range
while soybeans stayed within a 4-cent range. Outside markets were also mixed
with energies lower and metals higher. The U.S. dollar index was down again,
though another volatile day session is expected.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 6.84 points lower
Thursday at 18,105.77. Asian markets were mostly lower with the Nikkei down
232.89 points at 19,652.88. European markets were also mostly lower. The
overnight crude oil market was $0.61 lower at $56.10 while Brent crude was
$0.58 lower at $63.40. The June gold contract was $6.80 higher at $1,204.80
while the U.S. dollar index was 0.172 lower at 97.243. Soybeans at the Dalian
Exchange were lower while Malaysian palm oil contracts were higher.
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