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DTN Early Word Grains 12/08 05:44
Grain Markets Mixed Friday Morning, Consolidating Recent Price Moves
March corn is up 1/2 cent per bushel, January soybeans are up 4 1/4 cents,
March KC wheat is up 1/4 cent, March Chicago wheat is down 5 cents and March
Minneapolis wheat is down 1/2 cent.
By Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is up 1/2 cent per bushel,
January soybeans are up 4 1/4 cents, March KC wheat is up 1/4 cent, March
Chicago wheat is down 5 cents and March Minneapolis wheat is down 1/2 cent.
CME GLOBEX RECAP: World equity markets are mixed to higher with all eyes on
Friday morning's release of the new employment situation report. Whie most of
the economic indicators continue to suggest a slowing economy, the labor market
has been the most stubborn in showing any signs of cooling. If the jobs report
continues to run hotter than anticipated, expect equity markets to fall on
worries that the Fed will maintain their "higher for longer" stance.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 62.95 at 36,117.38 and the S&P 500 up 36.25 at 4,585.59, The 10-Year
Treasury yield ended at 4.13%. Early Friday, the December Dow Jones Futures are
up 13 points. European markets are higher with the spot futures of London's
FTSE 100 trading up 0.27%, spot futures of Germany's DAX is trading up 0.14%
and the spot futures of France's CAC 40 Index up 0.8%. Asian markets are mixed
with Japan's Nikkei 225 Index down 1.68% and China's Shanghai Composite Index
up 0.11%.
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