DTN Early Word Grains 03/20 06:06
Grains Show Small Early Gains
May corn was 1/4 cent higher, May soybeans were 2 1/2 cents higher, and July
Kansas City (HRW) wheat was 4 cents higher.
By Todd Hultman
6:00 a.m. CME Globex: May corn was 1/4 cent higher, May soybeans were 2 1/2
cents higher, and July Kansas City (HRW) wheat was 4 cents higher.
CME Globex Recap: After Monday's big losses in the grain sector, Tuesday is
off to a quieter start with small early gains to start the day. The June U.S.
dollar index is up 0.32 and most other commodities are mixed.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 335.60 points
(-1.3%) lower at 24,610.91, the NASDAQ Composite was 137.75 points (-1.8%)
higher at 7,344.24, and the S&P 500 dropped 39.09 points (-1.4%) to 2,712.92
Monday. DJIA futures were 11 points lower early Tuesday morning. Asian markets
were mixed with Japan's Nikkei 225 down 99.93 points (-0.5%), Hong Kong's Hang
Seng up 36.17 points (0.1%), and China's Shanghai Composite up 11.39 points
(.3%). European markets were also mixed with London's FTSE 100 up 13.55 points
(0.2%), Germany's DAX down 2.12 points (-0.0%), and France's CAC 40 down 2.46
points (-0.1%). The euro was 0.00485 lower at 1.23950 while the U.S. dollar
index was up 0.32 at 89.65. March 30-year T-Bonds were down 12/32nds at 144'05
while April gold was down $6.00 at $1,311.80. Crude oil was $0.52 higher at
$62.65 as Brent crude was up $0.56 at $66.61. China's Dalian soybeans were
steady to mixed and May Malaysian palm oil futures were up 0.5% overnight.
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