DTN Early Word Grains 04/17 05:59
Soybeans Power Higher, Await Export Numbers
Corn futures are higher at 6 a.m. CST; soybeans higher; wheat higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: July Corn 1 cent higher, July Soybeans 10 cents higher,
and May Chicago Wheat 4 cents higher.
CME Globex Recap: Soybeans posted another strong overnight session with both
the May and July contracts trading double-digits higher early Thursday morning.
Wheat contracts also showed a solid gain as buying tied to Ukraine returned to
the market ahead of the three-day holiday weekend. Corn was relatively quiet
again, though light commercial buying interest was indicated by spread
activity. Outside commodities were mixed while the U.S. dollar index traded
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 162.29 points higher
Wednesday at 16,424.85. Dow Jones Industrial Average futures were 39 points
lower overnight, indicating selling interest could be seen Thursday. Asian
markets were mostly higher though the Nikkei was down 0.15 points at 14,417.53.
European markets were mostly lower. The overnight crude oil market was $0.18
higher at $103.94 while Brent crude was $0.05 lower at $109.55. The June gold
contract was $5.40 lower at $1,298.10 while the U.S. dollar index is 0.212
lower at 79.615. Soybeans at the Dalian Exchange were mostly higher while
Malaysian palm oil futures were lower.
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