DTN Early Word Grains 01/15 05:56
Crop Prices Lightly Higher as Tuesday Starts Quiet
March corn is up 1 3/4 cents, March soybeans are up 1 3/4 cents, and March
K.C. wheat is up 1/2 cent.
By Todd Hultman
DTN Lead Analyst
6:00 a.m. CME Globex: March corn is up 1 3/4 cents, March soybeans are up 1
3/4 cents, and March K.C. wheat is up 1/2 cent.
CME Globex Recap: European stock markets and the Dow Jones futures were a
little higher early Tuesday, while long-term interest rates were a little
lower. According to Dow Jones, Germany reported its lowest annual GDP growth in
five years and the People's Bank of China said it would help the economy with
expanded credit and lower taxes. Grains were starting the day slightly higher
and the rest of the commodity board was mixed.
OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial
Average down 86.11 at 23,909.84 and the S&P 500 down 13.65 at 2,582.61 while
the 10-yr Treasury yield ended at 2.71%. Early Tuesday, DJIA futures are up 89
points. Asian markets are higher with Japan's Nikkei 225 up 195.59 (1.0%) and
China's Shanghai Composite up 34.58 points (1.4%). European markets are higher
with London's FTSE 100 up 7.08 points (0.1%), Germany's DAX up 13.44 points
(0.1%), and France's CAC 40 up 9.07 points (0.2%). The March euro was down
0.004 at 1.149 and the March U.S. dollar index was up 0.28 at 95.48. March
30-year T-Bonds were up 13/32nds while February gold was down $2.30 at $1289.00
and February crude oil was up $0.44 at $50.95. Soybeans on China's Dalian
Exchange are up slightly while soymeal is down 0.7%.
For more free DTN information sent right to your email each morning - click here
to sign up for DTN Snapshot.