DTN Early Word Grains 05/26 05:56
Grains Mixed, U.S. Dollar Higher
July corn is down 1/4 cent, July soybeans are up 2 3/4 cents, and July
Chicago wheat is down 2 cents.
By Todd Hultman
6:00 a.m. CME Globex: July corn is down 1/4 cent, July soybeans are up 2 3/4
cents, and July Chicago wheat is down 2 cents.
CME Globex Recap: Corn and wheat are a little lower early, pressured by
Tuesday's higher U.S. dollar and showing little reaction to a weekend of severe
weather in the southern Plains. Soybeans are modestly higher with commercial
buyers still active after Friday's new weekly low.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 53.72 points lower
Friday at 18,232.02. The overnight session has the Dow Jones futures down 15
points early on Tuesday indicating lower prices for U.S. stocks later Tuesday
morning. Asian markets are higher with the Nikkei up 125 points at 20,505.
European markets are lower. The overnight crude oil market is down $.39 at
$59.33 while Brent crude is $.44 lower at $65.08. The June gold contract is
$10.50 lower at $1,193.50 while the U.S. dollar index is up .94 at 96.96.
Malaysian palm oil contracts were higher. Soybeans at the Dalian were modestly
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