Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Grains         04/28 05:58
   Fed Says "No", Grains Quietly Mixed Early Thursday

   July corn was 1 cent higher, July soybeans were 4 cents lower, and July
Kansas City wheat was 1 cent higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   July corn was 1 cent higher, July soybeans were 4 cents
lower, and July Kansas City wheat was 1 cent higher.

CME Globex Recap:   Grains were relatively quiet overnight with wheat posting
small gains, corn near unchanged, and soybeans showing small losses. The big
mover was the U.S. dollar index, down 0.600 following Wednesday's dovish
comments by FOMC Chairwoman Yellen indicating no timeline for another interest
rate hike. Also active was the DJIA futures, posting a triple-digit loss early
Thursday. Outside commodities were mixed with crude oil posing a small gain and
gold continuing its rally.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 51.23 points higher
at 18,041.55, the NASDAQ Composite was down 25.41 points at 4,863.14, and the
S&P 500 gained 3.46 points to close at 2,095.15 Wednesday. DJIA futures were
127 points lower overnight. Asian markets were mostly lower with the Nikkei
down 624.44 points (3.6%) while China's Shanghai Composite fell 8.08 points
(0.3%). European markets were also mostly lower with London's FTSE 100 down
57.41 points (0.9%). The U.S. dollar index dropped 0.596 to 93.791. Crude oil
was near unchanged at $45.33 and Brent crude held steady at $47.18. June gold
was $8.00 higher at $1,258.40. China's Dalian soybean futures and Malaysian
palm oil futures were both lower Thursday morning.
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