DTN Early Word Grains 04/25 05:56
Planting Progress Gives Prices Pause
July corn was down 1 3/4 cents, July soybeans were down 4 1/2 cents, and
July Chicago wheat was down 1 3/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: July corn was down 1 3/4 cents, July soybeans were down
4 1/2 cents, and July Chicago wheat was down 1 3/4 cents.
CME Globex Recap: July corn and soybeans were modestly lower early Tuesday
after USDA reported 17% of corn and 6% of soybeans planted. Chicago wheat was
also a little lower with a slight increase in Monday's winter wheat crop rating.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed up 216.13 points at
20,763.89. The NASDAQ Composite was up 73.30 points at 5,983.82 and the S&P 500
was up 25.46 points at 2,374.15 Monday. DJIA futures were up 53 points early
Tuesday morning. Asian markets were higher with Japan's Nikkei up 203.45 points
(1.1%), Hong Kong's Hang Seng up 316.46 points (1.3%), and China's Shanghai
Composite up 5.04 points (0.2%). European markets were mostly higher Tuesday
with London's FTSE 100 up 8.67 points (0.1%), Germany's DAX down 3.20 points
(-0.03%), and France's CAC 40 up 7.09 points (0.1%). The U.S. dollar index was
down 0.09 at 98.95 while the June euro was up 0.00370 at 1.09235. June 30-year
T-Bonds were down 19/32nds at 152'27 while June gold was down $5.30 at
$1,272.20. June crude oil was up 0.10 at $49.33 while June Brent crude was up
$0.05 at $51.65. Soybeans at the Dalian Exchange were lower overnight and
Malaysian palm oil futures are down 1.7%.
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