DTN Early Word Grains 01/17 05:55
Grain Changes Small, But Green
March corn is up 1 1/4 cents, March soybeans are up 3 1/2 cents, and March
K.C. wheat is up 1 1/2 cents.
By Todd Hultman
DTN Lead Analyst
6:00 a.m. CME Globex: March corn is up 1 1/4 cents, March soybeans are up 3
1/2 cents, and March K.C. wheat is up 1 1/2 cents.
CME Globex Recap: The world's stock markets are lightly lower overnight and
commodities are mixed, but the grain sector is mostly green, showing small
gains to start Thursday's action. February crude oil is down 61 cents after the
Energy Department reported a 2.7 million barrel drawdown on Wednesday.
OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial
Average up 141.57 at 24,207.16 and the S&P 500 up 5.80 at 2,616.10 while the
10-yr Treasury yield ended at 2.73%. Early Thursday, DJIA futures are down 48
points. Asian markets are lower with Japan's Nikkei 225 down 40.48 (-0.2%) and
China's Shanghai Composite down 10.79 points (-(-10.8%). European markets are
lower with London's FTSE 100 down 20.75 points (-0.3%), Germany's DAX down
29.27 points (-0.3%), and France's CAC 40 down 11.90 points (-0.25%). The March
euro was steady at 1.145 and the March U.S. dollar index was up 0.05 at 95.72.
March 30-year T-Bonds were up 8/32nds while February gold was up $0.20 at
$1294.00 and February crude oil was down $0.61 at $51.70. Soybeans and meal on
China's Dalian Exchange were both down slightly.
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