DTN Early Word Grains 09/18 05:57
Grains Quiet Again Overnight
Corn is lower at 6 a.m. (CT); soybeans are higher; wheat is lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn 1/2 cent lower, November soybeans 1 cent
higher, and December Chicago wheat 1 cent lower.
CME Globex Recap: Grain markets were quietly mixed early Thursday morning
with soybeans 1 cent higher while corn and wheat were fractionally lower.
Outside commodities were lower again as the U.S. dollar index extended its
post-FOMC meeting rally.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 24.88 points higher
Wednesday at 17,156.85. Asian markets were mostly higher with the Nikkei up
178.90 points at 16,067.57. European markets were also mostly higher. The
overnight crude oil market was $0.16 lower at $94.26 while Brent crude was
$0.10 lower at $98.87. The December gold contract was $12.20 lower at $1,223.70
while the U.S. dollar index was 0.225 higher at 84.570. Soybeans at the Dalian
Exchange were mixed while Malaysian palm oil contracts were mostly lower.
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