DTN Early Word Grains 09/22 05:54
Grains Starting Firmer Early Tuesday
December corn is up 1 3/4 cents, November soybeans are up 3 3/4 cents and
December KC wheat is up 6 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: December corn is up 1 3/4 cents, November
soybeans are up 3 3/4 cents and December KC wheat is up 6 cents.
CME Globex Recap: Early Tuesday, Dow Jones futures are trading lower and the
December U.S. Dollar Index is a little higher with stock markets mixed
overseas. After Monday's broad-based selling in stocks and commodities related
to a revival of coronavirus concerns in Europe, Federal Reserve Chairman Powell
plans to tell Congress that small and medium-sized businesses need financial
support, reported the Financial Times.
OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average down 509.72 at 27,147.70 and the S&P 500 down 38.41 at 3,281.06 while
the 10-Year Treasury yield ended at 0.67%. Early Tuesday, December Dow Jones
futures are down 51 points. Asian markets are lower with Japan's Nikkei 225
closed for a holiday and China's Shanghai Composite down 42.63 points (-1.3%).
European markets are mixed with London's FTSE 100 down 6.06 points (-0.1%),
Germany's DAX up 81.53 points (0.6%) and France's CAC 40 down 3.55 points
(-0.1%). The December euro is down $.0015 at $1.1761. The December U.S. Dollar
Index is up 0.04 at 93.73. The December 30-year T-bond is up 3/32nds, while
December gold is down $1.30 at $1,909.30 and November crude oil is up $0.32 at
$39.63. On China's Dalian Exchange, soybeans, corn and soybean meal are all
trading lower early Tuesday. November palm oil is trading down 1.2%, a second
day lower from its recent 8-month high.
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