DTN Early Word Grains 11/15 05:44
Grains Slightly Lower Early Friday
December corn is down 1/4 cent, January soybeans are down 1 1/4 cents and
December KC wheat is down 1 1/2 cents.
By Todd Hultman
DTN Lead Analyst
6:00 a.m. CME Globex: December corn is down 1/4 cent, January soybeans are
down 1 1/4 cents and December KC wheat is down 1 1/2 cents.
CME Globex Recap: U.S. stock futures and European stock markets are modestly
higher early Friday, trading at a new record high in the December Dow Jones
futures contract. At the same time, CNBC.com reported global debt hit a new
record high in the first half of 2019, led by a surge of borrowings from the
U.S. and China. The December U.S. dollar index is quiet, while other commodity
markets are mixed to lower.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 1.63 at 27,781.96 and the S&P 500 up 2.59 at 3,096.63 while the
10-Year Treasury yield ended at 1.81%. Early Friday, December Dow Jones futures
are up 62 points. Asian markets are mixed with Japan's Nikkei 225 up 83.92
(0.4%) and China's Shanghai Composite down 10.26 points (-0.3%). European
markets are higher with London's FTSE 100 up 7.71 points (0.1%), Germany's DAX
up 50.48 points (0.4%) and France's CAC 40 up 39.39 points (0.7%). The December
euro is up $.0002 at $1.1044. The December U.S. dollar index is up .03 at
98.05. The December 30-year T-bond is down 13/32nds, while December gold is
down $7.30 at $1,466.10 and December crude oil is down $0.29 at $56.48.
Soybeans are slightly higher and meal is a little lower on China's Dalian
Exchange. January palm oil is down 1.5% overnight, pulling back from this
week's new two-year high.
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