DTN Early Word Grains 02/27 05:56
Soybeans Higher, Strike Continues
May corn is up 1/2 cent, May soybeans are up 5 1/4 cents, and May Chicago
wheat is up 4 cents.
By Todd Hultman
6:00 a.m. CME Globex: May corn is up 1/2 cent, May soybeans are up 5 1/4
cents, and May Chicago wheat is up 4 cents.
CME Globex Recap: May soybeans are trading higher early Friday as it remains
to be seen if Brazil's government is able to rein in the truckers strike. Corn
is higher in sympathy with soybeans and wheat is higher with early
bargain-hunting responding to wheat prices near their contract lows.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 10.15 points lower
Thursday at 18,214.42. The overnight session has the Dow Jones futures down 12
points early on Friday indicating lower prices for U.S. stocks later Friday
morning. Asian markets are higher with the Nikkei down 35 points at 18,850.
European markets are mixed. The overnight crude oil market is up $1.04 at
$49.21 while Brent crude is $1.10 higher at $61.15. The April gold contract is
$4.00 lower at $1,206.10 while the U.S. dollar index is down .31 at 94.98.
Malaysian palm oil contracts were higher. Soybeans at the Dalian Exchange were
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