DTN Early Word Grains 04/09 05:57
Row Crops Mixed Ahead of WASDE Report
May corn is unchanged, May soybeans are down 3 cents and July KC wheat is up
5 1/4 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: May corn is unchanged, May soybeans are down 3
cents and July KC wheat is up 5 1/4 cents.
CME Globex Recap: Early Friday, Dow Jones futures are starting a little
higher with mixed stock markets in Europe and Asia. Since last week's
improvement in U.S. unemployment figures, both Treasury yields and the U.S.
Dollar Index have pulled back lower. Inflation remains a concern for many and
traders will pay attention to Friday morning's producer price index for March.
Grain traders will take in USDA's WASDE report for April at 11 a.m. CDT Friday,
but prices will also respond to the latest weather forecasts and the
possibility of a Friday morning export sale.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 57.31 at 33,503.57 and the S&P 500 up 17.22 at 4,097.17 while the
10-Year Treasury yield ended at 1.63%. Early Friday, December Dow Jones futures
are up 56 points. Asian markets are mixed with Japan's Nikkei 225 up
59.08(0.2%) and China's Shanghai Composite down 31.88 (-0.9%). European markets
are mixed with London's FTSE 100 down 19.82 points (-0.3%), Germany's DAX down
10.76 points (-0.1%) and France's CAC 40 up 13.07 points (0.2%). The June euro
is down $0.0025 at $1.1909. The June U.S. Dollar Index is up 0.21 at 92.28. The
June 30-year T-bond is down 13/32nds, while June gold is down $11.40 at
$1,746.80 and May crude oil is down $0.18 at $59.42. On China's Dalian
exchange, May corn was up 0.4%, May soybeans were down 0.4%, September soybean
meal was up 0.1% and May bean oil was down 0.7%. July common wheat on China's
Zhengzhou exchange was unchanged. June Malaysian palm oil is trading down 0.4%.
For more free DTN information sent right to your email each morning - click here
to sign up for DTN Snapshot.