DTN Early Word Grains 03/28 05:41
Grain Markets Mixed After Strong Session Monday.
May corn is down 2 cents, May soybeans are up 4 cents and May KC wheat is up
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: May corn is down 2 cents, May soybeans are
up 4 cents and May KC wheat is up 2 cents.
CME GLOBEX RECAP: World equity markets are mostly higher after a strong
start to the week here in the U.S. The negative headlines regarding the banking
crisis seemed to have peaked late last week, but the U.S. treasury, the Federal
Reserve, the EU bank and large private banks have stepped in to provide
liquidity and calm the markets that were teetering on contagion last week.
Traders are likely to remain nervous that other banking issues may emerge, and
that could keep the markets somewhat volatile until enough time passes for
traders to feel more confident.
OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 194.55 at 32,432.08 and the S&P 500 Index up 6.54 at 3,977.53. The
10-Year Treasury yield ended at 3.53%. Early Tuesday, June Dow Jones futures
are up 5 points. European markets are higher with the spot futures of the
London FTSE 100 trading up 0.11%, spot futures of Germany's DAX trading up
0.05% and spot futures of France's CAC Index trading up 0.14%. Asian markets
are mixed with Japan's Nikkei 225 index up 0.15% and China's Shanghai Composite
Index down 0.02%.
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