DTN Early Word Grains 10/25 05:54
Grains Off to Higher Start Monday
December corn is up 1 3/4 cents, November soybeans are up 8 cents and
December KC wheat is up 4 cents.
DTN Lead Analyst
Pre-6 a.m. CDT prices, CME Globex: December corn is up 1 3/4 cents, November
soybeans are up 8 cents and December KC wheat is up 4 cents.
CME GLOBEX RECAP: Early Monday, Dow Jones futures are trading slightly
higher, while European stocks are mixed. The S&P 500 index was up 1.6% last
week and investors will be monitoring several big earnings reports, due out
later this week. No major economic reports are scheduled Monday, but several
media sources are reporting Democrats and the White House are making progress
on a social spending bill, which is needed to move a bipartisan infrastructure
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 73.94 at 35,677.02 and the S&P 500 down 4.88 at 4,544.90 as the
10-Year Treasury yield ended at 1.65%. Early Monday, December Dow Jones futures
are trading up 14 points. Asian markets are mixed with Japan's Nikkei 225 index
down 0.71% and China's Shanghai Composite Index up 0.76%. European markets are
mixed with the spot futures of the London FTSE 100 trading up 0.36%, spot
futures of Germany's DAX trading up 0.08% and spot futures of France's CAC
Index trading down 0.13%. The December euro is up $0.0012 at $1.1660. The
December U.S. Dollar Index is down 0.05 at 93.58. The December 30-year T-bond
is down 4/32nds, while December gold is up $7.70 at $1,804.0 and December crude
oil is up $0.80 at $84.56. On China's Dalian exchange, January corn was up
0.6%, November soybeans were up 0.2%, January soybean meal was up 0.6% and
January soybean oil was down 0.1%. September common wheat on China's Zhengzhou
exchange was up 0.3%. January Malaysian palm oil is trading up 1.7%.
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