DTN Early Word Grains 07/17 06:06
Row Crops Show Stress, Start Higher Tuesday
December corn was up 3 1/4 cents, November soybeans were up 4 cents, and
September Kansas City (HRW) wheat was up 6 1/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: December corn was up 3 1/4 cents, November soybeans
were up 4 cents, and September Kansas City (HRW) wheat was up 6 1/4 cents.
CME Globex Recap: Outside stock markets are mixed to a little higher,
Treasury yields are unchanged and the U.S. dollar index is quiet. Most
commodities are higher early Tuesday, including grains after USDA showed a
small reduction in crop conditions for row crops.
OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average up 44.95 points at 25,064.36 and the S&P 500 down 2.88 points at
2,798.43 while the 10-year Treasury yield ended at 2.86%. Early Tuesday, DJIA
futures were down 22 points. Asian markets are mixed with Japan's Nikkei 225 up
100.01 (0.4%) and China's Shanghai Composite down 15.92 (-0.6%). European
markets are a little higher with London's FTSE 100 up 8.72 points (0.1%),
Germany's DAX up 9.38 points (0.1%), and France's CAC 40 up 2.77 points (0.1%).
The euro was up .0016 and the U.S. dollar index was up 0.13 at 94.15. September
30-year T-Bonds were down 2/32nds while August gold was up $3.50 at $1,243.20
and August crude oil was down $0.01 at $68.05. Soybeans on China's Dalian
Exchange were a little higher and Malaysian palm oil futures were down 0.1%.
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