DTN Early Word Grains 12/05 06:03
Grains Lower Early Thursday
Corn futures are lower at 6 a.m. CST, soybeans lower and wheat lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Corn 4 cents lower, soybeans 4 cents lower, and wheat 5
CME Globex Recap: Grains traded lower overnight, with corn and soybeans
failing to generate follow-through buying interest from Wednesday. Most
contracts were near session lows early Thursday morning. Outside commodities
were mixed, with metals under pressure and energies rallying. The U.S. dollar
index was lower once again, as were DJIA futures.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 24.85 points lower
Wednesday at 15,889.77. Dow Jones Industrial Average futures were 14 points
lower overnight, indicating continued selling interest could be seen Thursday.
Asian markets were mostly lower with the Nikkei down 230.45 points at
15,177.49. European markets were mixed. The overnight crude oil market was
$0.42 higher at $97.62 while Brent crude was $0.19 higher at $112.07. The
February gold contract was $13.00 lower at $1,234.20 while the U.S. dollar
index is 0.021 lower at 80.598. Soybeans at the Dalian Exchange were higher
while Malaysian palm oil futures were lower.
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