DTN Early Word Grains 12/12 05:53
A Quiet Morning Like Any Other
March corn was fractionally higher, January soybeans were fractionally
lower, and March Chicago (SRW) was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was fractionally higher, January soybeans
were fractionally lower, and March Chicago (SRW) was 1 cent higher.
CME Globex Recap: The grain and oilseed complex was quietly mixed early
Tuesday morning, while other commodity sectors were mostly higher. The U.S.
dollar index was showing a small loss as DJIA futures continued to rally.
Energies were mostly higher and metals mostly lower.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 56.87 points (0.2%)
higher at 24,836.03, the NASDAQ Composite gained 35.00 points (0.5%) to
6,875.08, and the S&P 500 rallied 8.49 points (0.3%) to 2,659.99 Monday. DJIA
futures were 18 points higher early Tuesday morning. Asian markets closed
mostly lower with Japan's Nikkei 225 down 72.56 points (0.3%), Hong Kong's Hang
Seng off 171.41 points (0.6%), and China's Shanghai Composite losing 41.38
points (1.2%). European markets were trading mostly lower with London's FTSE
100 up 18.94 points (0.2%), Germany's DAX down 3.20 points, and France's CAC 40
adding 8.74 points (0.2%). The euro added 0.0009 to 1.1780 as the U.S. dollar
index lost 0.11 to 93.82. March 30-year T-Bonds were 3/32 lower at 152'29 while
February gold dropped $1.10 to $1,245.80. January bitcoin was $815 lower at
$17,730. Crude oil was $0.31 higher at $58.30 while Brent crude gained $0.95 to
$65.64. China's Dalian soybean and Malaysian palm oil futures were both higher
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