DTN Early Word Grains 11/27 05:57
Leftover Turkey and Cracked China
Grains were closed overnight for the U.S. Thanksgiving Holiday, scheduled to
open at 8:30 am (CT).
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Grains were closed overnight for the U.S. Thanksgiving
Holiday, scheduled to open at 8:30 am (CT).
CME Globex Recap: Black Friday morning has global markets focusing on the
continued situation between Turkey and Russian, as well as an investigation
into violations by two Chinese brokerage houses. The latter has battered
Chinese stock markets and could have a ripple effect on commodities, with crude
oil down more than $1.00 and gold off almost $6.00.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 1.20 points higher
Wednesday at 17,813.39. The NASDAQ Composite was up 13.33 point at 5,116.14.
DJIA futures were 5 points higher overnight. Asian markets were mostly lower
with the Nikkei down 60.57 points at 19,883.94 and China's Shanghai Composite
posting a sharp sell-off of 199.25 points (5.5%). European markets were mostly
higher. The U.S. dollar index was up 0.245 at 100.040, its overnight high just
short of Wednesday's peak of 100.070. The long-term high remains 100.390. Crude
oil was $1.01 lower at $42.03 while Brent crude was $0.42 lower at $45.04.
February gold was $5.20 lower at $1,064.50. Dalian soybean futures were lower
while Malaysian palm oil futures were higher.
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