DTN Early Word Grains 04/14 05:55
Grains Higher Early, Weather Concerns at Play
May corn is up 5 1/2 cents, May soybeans are up 7 cents and July KC wheat is
up 7 1/2 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: May corn is up 5 1/2 cents, May soybeans are up 7
cents and July KC wheat is up 7 1/2 cents.
CME Globex Recap: Early Wednesday, Dow Jones futures are trading a little
higher as signs of economic growth continue, in spite of a pause in the use of
Johnson and Johnson vaccines. Later Wednesday, the U.S. Energy Department's
weekly inventory reports will update last week's gasoline demand.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 68.13 at 33,677.27 and the S&P 500 up 13.60 at 4,141.59 while the
10-Year Treasury yield ended at 1.62%. Early Wednesday, December Dow Jones
futures are up 13 points. Asian markets are mixed with Japan's Nikkei 225 down
130.62 (-0.4%) and China's Shanghai Composite up 20.25 (0.6%). European markets
are a little higher with London's FTSE 100 up 10.33 points (0.15%), Germany's
DAX up 4.09 points (0.03%) and France's CAC 40 up 28.75 points (0.5%). The June
euro is up $.0021 at $1.1982. The June U.S. Dollar Index is down 0.15 at 91.70.
The June 30-year T-bond is down 5/32nds, while June gold is down $1.30 at
$1,746.30 and May crude oil is up $0.99 at $61.17. On China's Dalian exchange,
May corn was up 0.7%, May soybeans were up 0.6%, September soybean meal was
down 0.3% and May bean oil was up 1.4%. July common wheat on China's Zhengzhou
exchange was unchanged. June Malaysian palm oil is trading up 0.1%.
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