|
DTN Early Word Grains 11/12 05:44
Grain Markets Mixed With Corn Firm While Soybeans Correct Recent Gains
December corn is up 2 cents per bushel, January soybeans are down 6 3/4
cents, December KC wheat is down 2 cents, December Chicago wheat is up 1/4 cent
and December Minneapolis wheat is down 1/2 cent.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 cents per bushel,
January soybeans are down 6 3/4 cents, December KC wheat is down 2 cents,
December Chicago wheat is up 1/4 cent and December Minneapolis wheat is down
1/2 cent.
CME GLOBEX RECAP: World equity markets are lower Tuesday morning, led by
Asian markets that are worried about the impact of U.S. policy on China in the
aftermath of the election. Monday's focus was on incoming President Trump's
selection of individuals who have expressed hawkish views on China, including
rumors of Senator Rubio as Secretary of State and Robert Lighthizer reprising
his role as U.S. Trade representative. Neither appointment is confirmed. With
Monday being a Federal holiday, there were no major economic reports released.
There will be three speeches Tuesday from various members of the Federal
Reserve which will be watched closely.
OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 304.14 at 44,293.13 and the S&P 500 up 5.81 at 6,001.35. The 10-Year
Treasury yield ended at 4.308%. Early Tuesday, the December Dow Jones Futures
are down 16 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.91%, spot futures of Germany's DAX is trading
down 0.79% and the spot futures of France's CAC 40 Index down 1.11%. Asian
markets are lower with Japan's Nikkei 225 Index down 0.4% and China's Shanghai
Composite Index down 1.39%.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
|
|