DTN Early Word Grains 06/24 05:54
Grains Lower Ahead of Expected Rains
December corn is down 11 cents, November soybeans are down 19 1/2 cents and
July KC wheat is down 6 1/2 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: December corn is down 11 cents, November soybeans
are down 19 1/2 cents and July KC wheat is down 6 1/2 cents.
CME Globex Recap: Early Thursday, Dow Jones futures are trading higher,
along with European stock markets ahead of the Labor Department's weekly
jobless claims and the Commerce Department's update of real U.S. GDP in the
first quarter, both due out at 7:30 a.m. CDT. Most commodities are trading
lower early Thursday.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 71.34 at 33,874.24 and the S&P 500 down 4.60 at 4,241.84 as the
10-Year Treasury yield settled at 1.49%. Early Wednesday, September Dow Jones
futures are trading up 188 points. Asian markets are slightly higher with
Japan's Nikkei 225 index up 0.01% and China's Shanghai Composite Index up
0.01%. European markets are higher with the spot futures of the London FTSE 100
trading up 0.09%, spot futures of Germany's DAX trading up 0.59% and spot
futures of France's CAC Index trading up 1.11%. The September euro is down
$0.0002 at $1.1947. The September U.S. Dollar Index is down 0.01 at 91.78. The
September 30-year T-bond is down 3/16nds, while August gold is down $2.40 at
$1,781.0 and August crude oil is up $0.31 at $73.39. On China's Dalian
exchange, September corn was up 0.2%, September soybeans were up 0.2%,
September soybean meal was down 0.3% and September soybean oil was up 0.4%.
July common wheat on China's Zhengzhou exchange was down 0.0%. September
Malaysian palm oil is trading down 0.8%.
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