DTN Early Word Grains 10/21 05:56
Grains Mostly Higher Early Tuesday
Corn is unchanged at 6 a.m. (CT); soybeans are higher; wheat is higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was unchanged, November soybeans 4 cents
higher, and December Chicago wheat 2 cents higher.
CME Globex Recap: Soybeans posted a solid rally early in the overnight
session before trading mid-range early Tuesday morning. Wheat contracts were
holding near session highs despite an overnight rally in the U.S. dollar index,
while corn contracts were near unchanged in quiet trade. Outside commodities
were mostly higher with both energies and metals showing gains Tuesday morning.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 19.26 points higher
Monday at 16,399.67. Dow Jones Industrial Average futures were 43 points higher
overnight. Asian markets were mostly lower with the Nikkei down 306.95 points
at 14,804.28 and the Hong Kong market was up 18.32 points. European markets
were higher. The overnight crude oil market was $0.54 higher at $83.25 while
Brent crude was $0.56 higher at $85.96. The December gold contract was $3.20
higher at $1,247.90 while the U.S. dollar index was 0.186 higher at 85.139.
Soybeans at the Dalian Exchange were higher while Malaysian palm oil contracts
were also higher.
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