DTN Early Word Grains 08/27 05:57
Grains Mixed Early Wednesday
Corn is lower at 6 a.m. (CT); soybeans are higher; wheat is steady.
By Todd Hultman
6:00 a.m. CME Globex: December corn is down 1 3/4 cents, November soybeans
are up 4 1/4 cents, and December Chicago wheat is steady.
CME Globex Recap: Corn is lower early with scattered showers from the Texas
Panhandle to Wisconsin and summer temperatures staying mild north of Kansas and
Missouri. Soybeans and wheat are steady to higher with early support for prices
near their contract lows.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 29.83 points higher
Tuesday at 17,106.70. The overnight session has the Dow Jones futures up 15
points early on Wednesday, indicating slightly higher prices for U.S. stocks
later Wednesday morning. Asian markets are lower with the Nikkei down 30 points
at 15,515. European markets are lower. The overnight crude oil market is up .23
at $94.09 while Brent crude is $.08 higher at $102.58. The December gold
contract is $1.80 higher at $1,287.00 while the U.S. dollar index is down .12
at 82.55. Malaysian palm oil contracts were lower. Soybeans at the Dalian
Exchange were higher.
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