DTN Early Word Grains 12/07 05:46
Grain Markets Higher Thursday, Rebounding From Wednesday's Poor Performance
March corn is up 3 1/2 cents per bushel, January soybeans are up 10 1/4
cents, March KC wheat is up 5 cents, March Chicago wheat is up 6 1/2 cents and
March Minneapolis wheat is up 5 3/4 cents.
By Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is up 3 1/2 cents per bushel,
January soybeans are up 10 1/4 cents, March KC wheat is up 5 cents, March
Chicago wheat is up 6 1/2 cents and March Minneapolis wheat is up 5 3/4 cents.
CME GLOBEX RECAP: World equity markets are mostly lower again Thursday
morning with interest rate sensitive stocks doing better due to the 10-year
note approaching 4.1%. Wednesday's economic data was mixed but mostly confirmed
a slower economy with the ADP employment estimate 25,000 jobs below trade
estimates and the U.S. trade deficit slightly higher than expected. U.S.
productivity at 5.2% growth was better than expected. Thursday, we will see
initial jobless claims and wholesale inventories.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 70.13 at 36,054.43 and the S&P 500 down 17.84 at 4,549.34, The
10-Year Treasury yield ended at 4.12%. Early Thursday, the December Dow Jones
Futures are down 60 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.34%, spot futures of Germany's DAX is trading
down 0.28% and the spot futures of France's CAC 40 Index down 0.09%. Asian
markets are lower with Japan's Nikkei 225 Index down 1.76% and China's Shanghai
Composite Index down 0.09%.
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