DTN Early Word Grains 02/23 05:53
Back to Green
March corn was 1 cent higher, March soybeans were 4 cents higher, and July
Kansas City (HRW) wheat was 3 cents higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: March corn was 1 cent higher, March soybeans were 4
cents higher, and July Kansas City (HRW) wheat was 3 cents higher.
CME Globex Recap: The grain and oilseed complex was higher early Friday while
energies and metals traded lower. Meanwhile, the U.S. dollar firmed again
overnight while DJIA futures added to Thursday's solid rally.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 164.70 points (0.7%)
higher at 24,962.48, the NASDAQ Composite lost 8.14 points (0.1%) to 7,219.09,
and the S&P 500 gained 2.63 points (0.1%) to 2,703.96 Thursday. DJIA futures
were 76 points higher early Friday morning. Asian markets closed higher with
Japan's Nikkei 225 up 156.34 points (0.7%), Hong Kong's Hang Seng adding 301.49
points (1.0%), and China's Shanghai Composite up 20.47 points (0.6%). European
markets were trading mostly lower with London's FTSE 100 down 22.46 points
(0.3%), Germany's DAX losing 12.55 points (0.1%), and France's CAC 40 off 12.33
points (0.2%). The euro was 0.0065 higher at 1.2297 while the U.S. dollar index
added 0.23 to 89.95. March 30-year T-Bonds were 14/32 higher at 143'18 while
April gold lost $1.90 to $1,330.80. Crude oil was $0.37 lower at $62.40 and
Brent crude dropped $0.46 to $65.93. China's Dalian soybean and Malaysian palm
oil futures were higher overnight.
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