DTN Early Word Grains 03/04 05:59
Grains Lower, Next Harvest Anticipated
May corn is down 1 3/4 cents, May soybeans are down 6 cents, and May Chicago
wheat is down 4 3/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: May corn is down 1 3/4 cents, May soybeans are down 6
cents, and May Chicago wheat is down 4 3/4 cents.
CME Globex Recap: All three grains are lower early as concerns over Brazil's
truck strike fade and growing conditions remain generally favorable in South
America. U.S. winter wheat areas are getting a mix of snow and rain early
Wednesday with warmer temperatures coming by the end of the week.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 85.26 points lower
Tuesday at 18,203.37. The overnight session has the Dow Jones futures down 61
points early on Wednesday indicating lower prices for U.S. stocks later
Wednesday morning. Asian markets are higher with the Nikkei down 105 points at
18,635. European markets are lower. The overnight crude oil market is up $.24
at $50.76 while Brent crude is $.35 lower at $60.67. The April gold contract is
$1.00 lower at $1,203.40 while the U.S. dollar index is up .36 at 95.74.
Malaysian palm oil contracts were lower. Soybeans at the Dalian Exchange were
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