DTN Early Word Grains 04/24 05:58
Back to Reality, Grains Lower Early Friday
July corn was 2 cents lower, July soybeans were 4 cents lower, and July
Kansas City wheat was 1 cent lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was 2 cents lower, July soybeans were 4 cents
lower, and July Kansas City wheat was 1 cent lower.
CME Globex Recap: It was not surprising to see grains trade lower overnight
after soybeans once again failed to hold near session highs at Thursday's
close. All three markets moved higher early in the overnight session before
sliding lower, with most sitting near session lows early Friday. Outside
markets were mixed, with both gold and crude oil lower.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 20.42 points higher
Thursday at 18,058.69. Asian markets were mixed with the Nikkei down 167.61
points at 20,020.04. European markets were higher. The overnight crude oil
market was $0.29 lower at $57.45 while Brent crude was $0.52 higher at $65.37.
The June gold contract was $3.10 lower at $1,191.20 while the U.S. dollar index
was 0.005 lower at 97.273. Soybeans at the Dalian Exchange were higher again
while Malaysian palm oil contracts were mostly lower.
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