DTN Early Word Grains 11/13 05:42
Grains Weaker, Soy Firmer as Energy Markets Under Pressure
December corn was down 1 cent, November soybeans were up 3 1/4 cents, and
December KC wheat was down 3 3/4 cents.
DTN Contributing Analyst
Pre-5:00 a.m. CME Globex: December corn was down 1 cent, November soybeans
were up 3 1/4 cents, and December KC wheat was down 3 3/4 cents.
CME Globex Recap: Global equities are trying to rally back after another
tough day Monday on Wall Street. Crude oil is working on a record losing streak
with the spot month contract off another 2.50% overnight. Grain markets are
mixed with little fundamental input Monday due to the Veterans Day Holiday.
OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average down 602.12 points at 25,387.18 and the S&P 500 down 54.79 points at
2,726.22 while the 10-year Treasury yield ended at 3.149%. Early Tuesday, DJIA
futures are up 51.00 points. Asian markets were mixed with Japan's Nikkei 225
down 459.36 points (-2.06%) and China's Shanghai Composite was up 24.36 points
(0.93%). European markets are higher with London's FTSE 100 up 14.23 points
(0.20%), Germany's DAX up 65.42 points (0.58%), and France's CAC 40 up 6.35
points (0.13%). The euro was down 0.00120 at 1.12345 and the U.S. dollar index
was down 0.0540 at 97.5850. September 30-year T-Bonds were down 4/32nds while
December gold was down $5.70 at $1197.50 and December crude oil was down $1.44
at $58.49. Soybeans on China's Dalian Exchange closed down 0.49% and soymeal
closed down 0.12%.
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