DTN Early Word Grains 10/17 05:57
Grains Trade Higher Early Friday
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 1 cent higher, November soybeans
fractionally higher, and December Chicago wheat 2 cents higher.
CME Globex Recap: All three grains traded higher during the course of the
overnight session, before soybeans back to near unchanged early Friday morning.
Commodities in general found renewed buying interest, due in part to a lower
overnight trade in the U.S. dollar index.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 24.50 points lower
Thursday at 16,117.24. Dow Jones Industrial Average futures were 175 points
higher overnight. Asian markets were mixed with the Nikkei down 205.87 points
at 14,532.51 and the Hong Kong market up 122.27 points. European markets were
higher. The overnight crude oil market was $1.28 higher at $83.98 while Brent
crude was $1.13 higher at $86.95. The December gold contract was $3.20 lower at
$1,238.00 while the U.S. dollar index was 0.055 lower at 84.900. Soybeans at
the Dalian Exchange were higher while Malaysian palm oil contracts were also
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