Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Grains         08/29 06:03
   Grains Fall Again Overnight

   December corn was fractionally lower, November soybeans were 2 cents lower,
and December Chicago wheat was 1 cent lower.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was fractionally lower, November soybeans
were 4 cents lower, and December Chicago wheat was 6 cents lower.

CME Globex Recap:   Soybeans were unable to hold an early rally, trading near
overnight session lows early Monday morning. Corn did little, with the December
contract posting a 3-cent trading range. Wheat contracts came under increased
pressure as the session progressed, falling almost a 10 overnight. Outside
markets were also lower with selling seen in energies, metals, and softs. The
U.S. dollar index was posting a small gain while DJIA futures were quietly
lower.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 53.01 points lower
at 18,395.40, the NASDAQ Composite gained 6.72 points to 5,218.92, and the S&P
500 fell 3.43 points to close at 2,169.04 Friday. DJIA futures were 10 points
lower overnight. Asian markets were mixed with Japan's Nikkei up 376.78 points
(2.3%) while China's Shanghai Composite lost 0.28 points. European markets were
mostly lower with London's FTSE 100 up 21.15 points (0.3%), Germany's DAX down
83.75 points (0.8%), and France's CAC 40 off 45.48 points (1.0%). The U.S.
dollar index was 0.059 higher at 95.625. Crude oil fell $0.70 to $46.94 while
Brent crude was $0.77 lower at $49.15. December gold was $3.50 lower at
$1,322.40. China's Dalian soybean futures were higher and Malaysian palm oil
futures were lower overnight.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN