DTN Early Word Grains 11/25 05:57
Grains Mixed Early Tuesday
December corn was 1/2 cent lower, January soybeans 5 cents higher, and
December Chicago wheat 2 cents lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 1/2 cent lower, January soybeans 5
cents higher, and December Chicago wheat 2 cents lower.
CME Globex Recap: Grain markets were mixed again early Tuesday morning
following another relatively quiet overnight session. Soybeans were higher,
erasing most of Monday's sell-off while corn was fractionally lower and Chicago
wheat contracts were about 2 cents lower. Outside markets were higher, with
buying seen in both energies and metals overnight. DJIA futures continued to
rally while the U.S. dollar index was lower.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 7.84 points higher
Monday at 17,817.90. Dow Jones futures were 26 points higher early Tuesday.
Asian markets were mixed with the Nikkei up 50.11 points at 17,407.62 while the
Hong Kong market was down 49.23 points. European markets were mostly higher.
The overnight crude oil market was $0.30 higher at $76.08 while Brent crude was
$0.44 higher at $80.12. The February gold contract was $3.90 higher at
$1,200.50 while the U.S. dollar index was 0.011 lower at 88.140. Soybeans at
the Dalian Exchange were lower while Malaysian palm oil contracts were higher.
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