DTN Early Word Grains 08/20 05:58
Grains Mostly Lower Again Early Wednesday
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: September corn 2 cents lower, November soybeans 4 cents
lower, and September Chicago wheat 2 cents higher.
CME Globex Recap: Grain markets were mostly lower early Wednesday following a
quietly traded overnight session. Corn contracts posted trading ranges of less
than 3 cents, while soybean contracts moved within a 9-cent range. Wheat
contracts were near unchanged. Outside markets were mostly higher with gold,
natural gas, and sugar trading lower. The U.S. dollar index continues to extend
its recent rally.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 80.85 points higher
Tuesday at 16,919.59. Dow Jones Industrial Average futures were 21 points lower
overnight, indicating the Dow could see selling interest early Wednesday. Asian
markets were mostly higher with the Nikkei up 4.66 points at 15,454.46.
European markets were mostly lower. The overnight crude oil market was $1.09
higher at $95.57 while Brent crude was $0.47 higher at $102.03. The December
gold contract was $1.70 lower at $1,295.00 while the U.S. dollar index was
0.200 higher at 82.083. Soybeans at the Dalian Exchange were lower while
Malaysian palm oil contracts were also lower.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot