DTN Early Word Grains 05/25 05:53
No New Headlines
July corn was 1 cent higher, July soybeans were 5 cents higher, and July
Kansas City (HRW) wheat was 7 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July corn was 1 cent higher, July soybeans were 5 cents
higher, and July Kansas City (HRW) wheat was 7 cents higher.
CME Globex Recap: This week has seen markets in all sectors post some wild
moves as the Headline Maker-in-Chief kept busy. However, early Friday morning
shows no abrupt changes in mood or temperament, meaning no market-moving
headlines. Grain and oilseeds were mostly higher, led by Kansas City HRW wheat.
Energies were mostly lower while metals were mostly higher. DJIA futures hint
at the big board erasing what was left of Thursday's loss while the U.S. dollar
index was quietly higher.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 75.05 points (0.3%)
lower at 24,811.76, the NASDAQ Composite lost 1.53 points to 7,424.43, and the
S&P 500 fell 5.53 points (0.2%) to 2,727.76 Thursday. DJIA futures were 60
points higher early Friday morning. Asian markets closed mostly lower with
Japan's Nikkei 225 up 13.78 points, Hong Kong's Hang Seng down 172.37 points
(0.6%), and China's Shanghai Composite down 13.35 points (0.4%). European
markets were trading mostly higher with London's FTSE 100 up 20.76 points
(0.3%), Germany's DAX gaining 143.20 points (1.1%), and France's CAC 40 adding
42.72 points (0.8%). The euro was unchanged at 1.1722 as the U.S. dollar index
added 0.05 to 93.83. The 10-year Treasury yield was 2.981% with June 30-year
T-Bonds 11/32 higher at 143'04. June gold gained $0.10 to $1,304.50 while crude
oil dropped $1.38 to $69.33. China's Dalian soybean and Malaysian palm oil
futures were both lower overnight.
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