DTN Early Word Grains 08/22 05:58
Grains Mostly Quiet Early Friday
Corn is higher at 6 a.m. (CT); soybeans are higher; wheat is higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: September corn 1 cent higher, November soybeans 5 cents
higher, and September Chicago wheat 2 cents higher.
CME Globex Recap: It seems overnight grain traders were preoccupied with
watching the Every Episode Ever marathon of The Simpsons overnight, with most
contracts barely moving during the course of the session. The lightly traded
September soybean issue continues to run with September bean meal, while most
other contracts did little. Corn was near unchanged while wheat markets were 1
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 60.36 points higher
Thursday at 17,039.49. Dow Jones Industrial Average futures were 14 points
higher overnight, indicating the Dow could see continued buying interest
Friday. Asian markets were mostly higher though the Nikkei was down 47.01
points at 15,539.19. European markets were mostly lower. The overnight crude
oil market was $0.43 lower at $93.53 while Brent crude was $0.29 lower at
$103.24. The December gold contract was $6.60 higher at $1,282.00 while the
U.S. dollar index was 0.006 higher at 82.160. Soybeans at the Dalian Exchange
were higher while Malaysian palm oil contracts were lower.
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