DTN Early Word Grains 11/12 06:06
Mixed Start to Last Big Week of Harvest
December corn was up 1 cent, November soybeans were down 1 1/2 cents, and
December KC wheat was up 1/4 cents.
DTN Contributing Analyst
Pre-5:00 a.m. CME Globex: December corn was up 1 cent, November soybeans were
down 1 1/2 cents, and December KC wheat was up 1/4 cents.
CME Globex Recap: Mixed global equity markets overnight, but the real talker
is the USD Index making fresh 17-month highs which will be a drag on U.S.
dollar-denominated commodities. Grains are mixed overnight but mainly inside
the late week ranges. Harvest should wrap up in the Midwest this week.
OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average down 201.92 points at 25,989.30 and the S&P 500 down 25.82 points at
2,781.01 while the 10-year Treasury yield ended at 3.186%. Early Monday, DJIA
futures are down 48.00 points. Asian markets were higher with Japan's Nikkei
225 up 19.63 points (0.09%) and China's Shanghai Composite was up 31.65 points
(1.22%). European markets are mixed with London's FTSE 100 up 11.46 points
(0.16%), Germany's DAX down 71.41 points (-0.62%), and France's CAC 40 down
1.70 points (-0.03%). The euro was down 0.00860 at 1.12565 and the U.S. dollar
index was up 0.5690 at 97.4680. September 30-year T-Bonds were up 12/32nds
while December gold was down $1.70 at $1206.90 and December crude oil was up
$0.26 at $60.45. Soybeans on China's Dalian Exchange closed up 0.75% and
soymeal closed down 0.13%.
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