DTN Early Word Grains 12/04 06:05
Grains Higher Early Wednesday
Corn futures are higher at 6 a.m. CST, soybeans higher and wheat higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: Corn 1 cent higher, soybeans 6 cents higher, and wheat
3 cents higher.
CME Globex Recap: Grains were trading higher overnight and though volume
didn't appear to be heavy it was an increase from previous overnight sessions.
Outside commodities were mostly lower with the exception being crude oil. Gold
continued its sell-off by moving lower again despite continued weakness in the
U.S. dollar index.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 94.15 points lower
Tuesday at 15,914.62. Dow Jones Industrial Average futures were 29 points
higher overnight, indicating buying interest could be seen Wednesday. Asian
markets were mostly lower with the Nikkei down 341.72 points at 15,407.94.
European markets were also mostly lower. The overnight crude oil market was
$1.22 higher at $97.26 while Brent crude was $0.49 lower at $112.13. The
February gold contract was $8.30 lower at $1,212.50 while the U.S. dollar index
is 0.285 lower at 80.640. Soybeans at the Dalian Exchange were higher while
Malaysian palm oil futures were also higher.
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