DTN Early Word Grains 04/21 05:54
Wheat Higher as Temperatures Drop, Forecast Stays Dry
July corn is up 2 1/4 cents, July soybeans are up 4 cents and July KC wheat
is up 7 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: July corn is up 2 1/4 cents, July soybeans are up
4 cents and July KC wheat is up 7 cents.
CME Globex Recap: Early Wednesday, Dow Jones futures are steady, while
European markets are trading modestly higher. Positive earnings reports out of
Europe are helping to counter recent concerns about rising infections in India
and Brazil. June crude oil is trading lower with caution about rising
infections in India and Brazil, but prices are holding above $60.00.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 256.33 at 33,821.30 and the S&P 500 down 28.32 at 4,134.94 while
the 10-Year Treasury yield ended at 1.56%. Early Wednesday, December Dow Jones
futures are up 1 point. June crude oil is starting lower, cautious with global
coronavirus concerns but also holding above the $60.00 mark, so far. Asian
markets are mostly lower with Japan's Nikkei 225 index down 2.03% and China's
Shanghai Composite Index slightly lower . European markets are a little higher
with the spot futures of the London FTSE 100 trading up 0.37%, spot futures of
Germany's DAX trading up 0.29% and spot futures of France's CAC Index trading
up 0.44%. The June euro is down $0.0018 at $1.2027. The June U.S. Dollar Index
is up 0.06 at 91.29. The June 30-year T-bond is down 7/32nds, while June gold
is up $0.60 at $1,779.0 and June crude oil is down $0.67 at $62.00. On China's
Dalian exchange, September corn was up 0.4%, July soybeans were up 1.4%,
September soybean meal was up 0.4% and September soybean oil was up 2.4%. July
common wheat on China's Zhengzhou exchange was unchanged. June Malaysian palm
oil is trading up 3.4%.
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