DTN Early Word Grains 05/20 06:00
Grains Mixed Early Monday
Corn futures are higher, soybeans higher, and wheat lower at 6 a.m. CDT.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Corn 3 cents higher, soybeans 5 cents higher, and wheat
1 cent lower.
CME Globex Recap: Commodities in general were under pressure once again, with
only old-crop corn and soybeans, soybean meal, natural gas, and assorted softs
trading higher. Heavy liquidation from investment traders continues to pressure
the sector despite a modest sell-off in the US dollar index.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 121.18 points higher
Friday at 15,354.40. The overnight session saw the Dow Jones futures trade 5
points higher, indicating U.S. stocks could see continued buying interest early
Monday. Asian markets were mostly higher with the Nikkei up 222.69 points at
15,360.81. European markets were also mostly higher. The overnight crude oil
market was $0.57 lower at $95.45 while Brent crude was $0.57 lower at $104.07.
The June gold contract was $17.50 lower at $1,347.20 while the U.S. dollar
index is 0.172 lower at 84.080. Soybeans at the Dalian Exchange were higher
while Malaysian palm oil contracts were mostly higher.
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