DTN Early Word Grains 03/30 06:00
Grains Mostly Higher Early Monday
May corn was fractionally lower, May soybeans were 3 cents lower, and May
Chicago wheat was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: May corn was fractionally lower, May soybeans were 3
cents lower, and May Chicago wheat was 1 cent higher.
CME Globex Recap: Wheat markets led the way higher overnight despite a
continued rally in the U.S. dollar index. While low volume likely played a role
in the futures spreads, July Kansas City was showing a 1 cent gain on the
September contract. Soybeans were also higher, tentatively, while corn was
unchanged to fractionally lower.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 34.43 points higher
Friday at 17,712.66. Dow Jones futures were 23 points higher early Monday.
Asian markets were mostly higher with the Nikkei up 125.77 points at 19,411.40.
European markets were also mostly higher. The overnight crude oil market was
$1.10 lower at $47.77 while Brent crude was $0.91 lower at $55.50. The April
gold contract was $13.10 lower at $1,186.70 while the U.S. dollar index was
0.409 higher at 97.700. Soybeans at the Dalian Exchange were lower while
Malaysian palm oil contracts were higher.
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