DTN Early Word Grains 11/25 05:59
Grains Gain Ground Overnight
December corn was 1 cent higher, January soybeans were 1 cent higher, and
December Chicago wheat was 1 cent higher.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: December corn was 1 cent higher, January soybeans were
1 cent higher, and December Chicago wheat was 1 cent higher.
CME Globex Recap: Grain contracts were trading higher early Wednesday despite
a sharp rally by the U.S. dollar index, the latter pushing back above 100.000
and testing its long-term high. This has both energies and gold trading lower,
though crude oil is giving back only part of Tuesday's strong rally. DJIA
futures were higher as traders await the release of a long list of economic
data Wednesday morning.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 19.51 points higher
Tuesday at 17,812.19. The NASDAQ Composite was up 0.33 point at 5,102.81. DJIA
futures were 55 points higher overnight. Asian markets were mixed with the
Nikkei down 77.31 points at 19,847.58 and China's Shanghai Composite gained
31.82 points. European markets were mostly higher. The U.S. dollar index was up
0.533 at 100.060 after hitting a high of 100.070 overnight. Its long-term high
is 100.390. Crude oil was $0.58 lower at $42.29 while Brent crude was $0.62
lower at $45.50. December gold was $2.00 lower at $1,071.80. Dalian soybean
futures and Malaysian palm oil futures were both mostly higher.
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