DTN Early Word Grains 01/28 05:58
Grains Lower Early Wednesday
March corn was 1 cent lower, March soybeans were 2 cents lower, and March
Chicago wheat was 3 cents lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was 1 cent lower, March soybeans were 2
cents lower, and March Chicago wheat was 3 cents lower.
CME Globex Recap: Grains were quiet again overnight with contracts trading
lower. Metals and energies were also under pressure, while the U.S. dollar
index posted a small gain. DJIA futures were lower again following the sharp
sell-off by the Dow on Tuesday.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 291.49 points lower
Tuesday at 17,387.21. Dow Jones futures were 11 points lower early Wednesday.
Asian markets were mixed with the Nikkei 27.43 points higher at 17,795.73.
European markets were also mixed. The overnight crude oil market was $0.88
lower at $45.35 while Brent crude was $0.52 lower at $49.08. The April gold
contract was $4.40 lower at $1,288.50 while the U.S. dollar index was 0.101
higher at 94.123. Soybeans at the Dalian Exchange were higher while Malaysian
palm oil contracts were also higher.
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