Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Grains         05/29 05:56
   Grains Higher, Soy Lower into the Weekend

   July corn is up 1 cent per bushel, July soybeans are down 2 1/2 cents, and
July KC wheat is up 2 cents.

Tregg Cronin
DTN Contributing Analyst

   Pre-6 a.m. Globex Prices: July corn is up 1 cent per bushel, July soybeans
are down 2 1/2 cents, and July KC wheat is up 2 cents.

   CME Globex Recap: Equities are mostly lower overnight with the U.S. staring
at a lower open later Friday morning. Financial media are focused on possible
retaliation from President Trump at his press conference later Friday after
Beijing approved a sweeping national security law for Hong Kong. Most believe
sanctions will be levied against China and Chinese officials for the new law
which had the effect of removing Hong Kong's special trade status. Energy
markets are weaker with crude oil futures off close to 3.5%. Fixed income and
precious metal markets are higher, led by silver, which is up 1.10%. Grain
markets are mixed with higher wheat and corn while soybeans are off a couple
cents. Traders are looking forward to export sales later Friday morning as well
as the next round of weather maps midday. From now through July, markets will
be especially sensitive to changes from one model run to the next, which is
where the term "silly season" comes from. Welcome to the "silly season."

   OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 147.63 at 25,400.64 and the S&P 500 down 6.40 at 3,036.13 while
the 10-Year Treasury yield ended at 0.705%. Early Friday, the June DJIA futures
are down 98 points. Asian markets are mixed with Japan's Nikkei 225 down 38.42
(-0.18%) and China's Shanghai Composite up 6.13 points (0.22%). European
markets are lower with London's FTSE 100 down 59 points (-0.95%), Germany's DAX
down 119.73 points (-1.02%) and France's CAC 40 up 37.77 points (-0.79%). The
June Euro is up 0.005 at 1.110 and the June U.S. dollar index is down 0.317 at
98.055. The June 30-Year T-Bond is up 26/32nds, while June gold is up $12.30 at
$1,725.60 and July crude oil is down $1.09 at $32.62. Soybeans on China's
Dalian Exchange were up 0.07% while soybean meal was down -0.75%.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Copyright- Seed-Ex Incorporated - 2011
Powered By DTN