DTN Early Word Grains 12/13 05:35
Mixed to Firmer Trade, Soybean Flash Sales Expected
March corn was up 1/4 cent, January soybeans were down 1 1/4 cents, and
March KC wheat was up 5 cents.
By Tregg Cronin
DTN Contributing Analyst
6:00 a.m. CME Globex: March corn was up 1/4 cent, January soybeans were down
1 1/4 cents, and March KC wheat was up 5 cents.
CME Globex Recap: Financial markets are quiet around the globe this morning,
although crude oil has quietly slipped back down to the bottom end of its
recent trading range. Media outlets continue to regurgitate talking points
related to the trade war, but markets will want confirmation soon to prevent a
resumption in selling. Grain markets are mostly firmer this morning with
traders eyeing the 8:00am CST mark for any announcements of flash sales of
soybeans to China.
OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial
Average up 157.03 at 24,527.27, the S&P 500 up 14.29 at 2,651.07 while the
10-yr Treasury yield ended at 2.913%. Early Thursday, DJIA futures are up
20.00. Asian markets were higher with Japan's Nikkei 225 up 213.44 points
(0.99%) and China's Shanghai Composite was up 31.90 points (1.23%). European
markets are higher with London's FTSE 100 up 0.89 points (0.01%), Germany's DAX
up 1.12 points (0.01%), and France's CAC 40 down 0.71 points (0.01%). The euro
was up 0.00085 at 1.13800 and the U.S. dollar index was down 0.0350 at 96.9610.
December 30-year T-Bonds were unchanged while February gold was down $0.60 at
$1249.50 and January crude oil was down $0.27 at $50.88. Soybeans on China's
Dalian Exchange closed down 1.00% and soymeal closed down 0.41%.
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