DTN Early Word Grains 08/28 05:58
Green Green Grains
December corn was 2 cents higher, November soybeans were 5 cents higher, and
December Chicago wheat was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 2 cents higher, November soybeans
were 5 cents higher, and December Chicago wheat was 1 cent higher.
CME Globex Recap: Grains were green early Friday, leading market bulls to
possibly put down the red red wine. Soybeans led the charge once again,
supported by another solid rally in China's stock markets. Corn contracts were
near the high end of their overnight trading range while Chicago wheat was
about mid-range. The U.S. dollar index was posting a small loss with little
selling enthusiasm seen.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 369.26 points higher
Thursday at 16,654.77. DJIA futures were 106 points lower. Asian markets were
higher with the Nikkei up 561.88 points at 19,136.32 while China's Shanghai
Composite was up 148.76 points (4.8%). European markets were mixed. The U.S.
dollar index was 0.070 lower at 95.540. Crude oil was $0.01 lower at $42.55
while Brent crude was $0.15 lower at $47.41. December gold was $3.80 higher at
$1,126.40. Soybeans at the Dalian Exchange were lower while Malaysian palm oil
futures were higher.
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