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DTN Early Word Grains 06/20 05:42
Row Crops Mixed as Trade Resumes Post Holiday Break
July corn is up 1/4 cent and July soybeans are up 3 1/4 cents. December corn
is up 1 3/4 cents and November soybeans are up 3 3/4 cents. July KC wheat is
down 4 3/4 cents, July Chicago wheat is down 5 3/4 cents, and July MIAX
Minneapolis wheat is down 3 cents.
Rhett Montgomery
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is up 1/4 cent and July soybeans
are up 3 1/4 cents. December corn is up 1 3/4 cents and November soybeans are
up 3 3/4 cents. July KC wheat is down 4 3/4 cents, July Chicago wheat is down 5
3/4 cents, and July MIAX Minneapolis wheat is down 3 cents.
CME GLOBEX RECAP: Corn and soybean markets have recovered from a soft
opening Thursday evening and are trading slightly higher thus far Friday. Wheat
markets are experiencing some profit taking following their twenty plus cent
price eruption in winter wheat prices on Wednesday. In macro markets, stocks
are quiet and energy markets firm as traders and investors continue to monitor
the situation between Iran and Israel as the conflict continues. Iranian
officials are scheduled to meet with European officials on Friday in an attempt
to broker a peace. For reports, USDA's weekly Export Sales report will be
released Friday morning at 7:30 a.m. CDT. Also note that the usual Commitment
of Traders report for Friday will be delayed until Monday afternoon due to the
Federal Holiday on Thursday.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 44.14 to 42,171.66 and the S&P 500 Index down 1.85 at 5,980.87.
The 10-Year Treasury yield ended at 4.40%. Early Friday, September Dow Jones
futures are down 107 points. European markets are higher with the spot futures
of the London FTSE 100 trading up 0.50%, spot futures of Germany's DAX trading
up 0.96% and spot futures of France's CAC Index trading up 0.59%. Asian markets
are slightly lower with Japan's Nikkei 225 index down 0.22% and China's
Shanghai Composite Index down 0.07%.
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