DTN Early Word Grains 07/25 05:56
Grains Mixed Early Friday
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: September corn 1 cent lower, November soybeans 6 cents
lower, and September Chicago wheat 1 cent higher.
CME Globex Recap: Once again, activity late in the session before carried
into the overnight session for soybeans. Thursday saw the market close higher,
but well off session highs. The late selling spilled into overnight, with
contracts near session lows early Friday. Corn contracts continued to slide,
down 2 cents, while wheat was near unchanged. Outside markets were higher.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 2.83 points lower
Thursday at 17,083.80. Dow Jones Industrial Average futures were 2 points
higher overnight, indicating the Dow could see light buying interest early
Friday. Asian markets were mostly higher with the Nikkei up 173.45 points at
15,457.87. European markets were mixed. The overnight crude oil market was
$0.09 higher at $102.17 while Brent crude was $0.15 higher at $107.22. The
August gold contract was $4.00 higher at $1,294.80 while the U.S. dollar index
was 0.043 higher at 80.915. Soybeans at the Dalian Exchange were lower while
Malaysian palm oil contracts were also lower.
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