DTN Early Word Grains 11/21 05:53
Grains Quiet, Mixed Ahead of Thanksgiving Break
December corn was up 1/2 cent, November soybeans were down 3 cents, and
December KC wheat was unchanged.
DTN Contributing Analyst
Pre-5:00 a.m. CME Globex: December corn was up 1/2 cent, November soybeans
were down 3 cents, and December KC wheat was unchanged.
CME Globex Recap: The equity rout continued Tuesday around the globe but
looks to stabilize heading into the Thanksgiving holiday. Suddenly, the U.S.
equity picture is turning just as sour as the Chinese one. That could play an
interesting role in the trade talks between the two countries. Grains are
quietly mixed before the break with holiday mode setting in hard after
Thursday. Regular close today with markets reopening Friday morning for a
shortened session. Happy Thanksgiving!
OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 551.80 points at 24,465.64 and the S&P 500 down 48.84 points at
2,641.89 while the 10-year Treasury yield ended at 3.072%. Early Wednesday,
DJIA futures are up 88.00 points. Asian markets were mixed with Japan's Nikkei
225 down 75.58 points (-0.35%) and China's Shanghai Composite was up 5.65
points (0.21%). European markets are higher with London's FTSE 100 up 46.14
points (0.66%), Germany's DAX up 73.58 points (0.66%), and France's CAC 40 up
23.77 points (0.48%). The euro was up $0.00185 at $1.14085 and the U.S. dollar
index was down 0.0550 at 96.7650. September 30-year T-Bonds were down 13/32nds
while December gold was up $3.50 at $1224.40 and December crude oil was up
$1.03 at $54.46. Soybeans on China's Dalian Exchange closed up 0.47% and
soymeal closed up 0.96%.
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