DTN Early Word Grains 05/26 06:03
Corn, Wheat Steady at Memorial Day Turn
July corn was up 1/2 cent, July soybeans were down 2 cents, and July Chicago
wheat was up 1/2 cent.
By Todd Hultman
6:00 a.m. CME Globex: July corn was up 1/2 cent, July soybeans were down 2
cents, and July Chicago wheat was up 1/2 cent.
CME Globex Recap: Corn and wheat prices were holding steady to start the
final day of trading before the Memorial Day weekend commences. Soybeans were a
little lower early, carried by Thursday's bearish momentum, with little trading
volume this week to support prices.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed up 70.53 points at
21,082.95. The NASDAQ Composite was up 42.24 points at 6,205.26 and the S&P 500
was up 10.68 points at 2,415.07 Thursday. DJIA futures were down 18 points
early Friday morning. Asian markets were mixed with Japan's Nikkei down 126.29
points (-0.6%), Hong Kong's Hang Seng up 8.49 points (0.03%), and China's
Shanghai Composite up 2.23 points (0.07%). European markets were mostly lower
early Friday with London's FTSE 100 up 6.93 points (0.1%), Germany's DAX down
60.67 points (-0.5%), and France's CAC 40 down 44.20 points (-0.8%). The U.S.
dollar index was down .11 at 97.09 while the June euro was up 0.00170 at
1.12330. June 30-year T-Bonds were up 4/32nds at 153'31 while June gold was up
$9.30 at $1,265.70. July crude oil was up 0.30 at $49.20 while July Brent crude
was up $0.38 at $51.84. Soybeans at the Dalian Exchange were mixed overnight
and Malaysian palm oil futures are down 2.0%.
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