DTN Early Word Grains 08/11 05:53
Grains Mixed After Rare Storm Hits Midwest
December corn is up 2 1/4 cents, November soybeans are down 1 3/4 cents and
September KC wheat is up 3 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: December corn is up 2 1/4 cents, November
soybeans are down 1 3/4 cents and September KC wheat is up 3 cents.
CME Globex Recap: Dow Jones futures are trading higher early Tuesday along
with European stock markets and Japan after U.S. Treasury Secretary Mnuchin
indicated the White House is willing to offer more coronavirus aid to reach a
compromise with Democrats. Trade talks between the U.S. and China on Saturday
are also seen as a hopeful sign that tensions could ease. The September U.S.
Dollar Index is trading lower, while December gold is lower and September crude
oil is trading higher. Grains are mixed after damaging winds swept across the
central Midwest Monday.
OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average up 357.96 at 27,791.44 and the S&P 500 up 9.18 at 3,360.47 while the
10-Year Treasury yield ended at 0.57%. Early Tuesday, September Dow Jones
futures are up 281 points. Asian markets are mixed with Japan's Nikkei 225 up
420.30 points (1.9%) and China's Shanghai Composite down 38.96 points (-1.2%).
European markets are higher with London's FTSE 100 up 133.65 points (2.2%),
Germany's DAX up 305.50 points (2.4%) and France's CAC 40 up 127.36 points
(2.6%). The September euro is up $.0040 at $1.1792. The September U.S. Dollar
Index is down 0.25 at 93.32. The September 30-year T-bond is down 22/32nds,
while December gold is down $35.80 at $2,003.90 and September crude oil is up
$0.44 at $42.38. Soybeans, meal and corn are slightly higher on China's Dalian
Exchange Tuesday. October palm oil is trading down 1.9%, falling back from its
highest prices in five months.
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