Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Grains         12/09 05:55
   Another Friday, Another Report Day

   March corn was 2 cents higher, January soybeans were 4 cents higher, and
March Chicago wheat was unchanged.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   March corn was 2 cents higher, January soybeans were 4
cents higher, and March Chicago wheat was unchanged.

CME Globex Recap:   The overnight rally in grains might not mean much given
that later in the morning USDA is set to release its December round of Crop
Production and Supply and Demand numbers. While no major changes are expected
(see DTN's Report Preview), enough minor revisions could be seen to get the
markets rolling again Friday. Outside markets were mostly higher, though
Malaysian palm oil was lower again. The U.S. dollar index built on Thursday's
strong rally, finding renewed buying interest overnight.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 65.19 points (0.3%)
higher at 19,614.81. The NASDAQ Composite gained 23.59 points (0.4%) to
5,417.36, and the S&P 500 added 4.84 points (0.2%) to close at 2,246.19
Thursday. DJIA futures were 17 points higher Friday morning. Asian markets were
mixed with Japan's Nikkei up 230.90 points (1.2%), Hong Kong's Hang Seng Index
lost 100.86 points (0.4%), while China's Shanghai Composite rallied 17.52
points (0.5%). European markets were mostly higher Friday with London's FTSE
100 up 10.87 points (0.2%), Germany's DAX off 8.56 points (0.1%), and France's
CAC 40 gaining 17.81 points (0.4%). The U.S. dollar index was 0.100 higher at
101.190. Crude oil gained $0.36 to $51.20 while Brent crude added $0.26 to
$54.15. December gold was $1.90 lower at $1,170.50. China's Dalian soybean and
Malaysian palm oil futures were lower again overnight.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN