DTN Early Word Grains 01/18 05:48
Stock Markets, Commodities Regaining Lost Ground
March corn is up 1 3/4 cents, March soybeans are up 4 3/4 cents, and March
K.C. wheat is up 4 1/4 cents.
By Todd Hultman
DTN Lead Analyst
6:00 a.m. CME Globex: March corn is up 1 3/4 cents, March soybeans are up 4
3/4 cents, and March K.C. wheat is up 4 1/4 cents.
CME Globex Recap: The world's stock markets are higher early Friday,
including the Dow Jones futures as investor concerns about the world economy
show signs of easing. Crude oil and copper were also higher overnight, along
with most grain prices.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average up 162.94 at 24,370.10 and the S&P 500 up 19.86 at 2,635.96 while the
10-yr Treasury yield ended at 2.75%. Early Friday, DJIA futures are up 99
points. Asian markets are higher with Japan's Nikkei 225 up 263.80 (1.3%) and
China's Shanghai Composite up 36.37 points (1.4%). European markets are higher
with London's FTSE 100 up 67.72 points (1.0%), Germany's DAX up 109.59 points
(1.0%), and France's CAC 40 up 52.84 points (1.1%). The March euro was up 0.001
at 1.146 and the March U.S. dollar index was down 0.02 at 95.69. March 30-year
T-Bonds were down 8/32nds while February gold was down $7.30 at $1285.00 and
February crude oil was up $0.78 at $52.85. Soybeans and meal on China's Dalian
Exchange both showed small gains.
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