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DTN Early Word Grains 11/29 05:43
Corn, Soybean Prices Start a Little Lower Early Wednesday
EARLY MORNING GLOBEX NET CHANGES: March corn was down 1 cent, January
soybeans were down 2 cents and March KC wheat was up 4 cents.
Todd Hultman
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn was down 1 cent, January
soybeans were down 2 cents and March KC wheat was up 4 cents.
CME GLOBEX RECAP:
Early Wednesday, Dow Jones futures are trading a little higher after a
Federal Reserve Governor said rates were already high enough to bring inflation
back down to its 2% target. A report on third-quarter U.S. GDP will be out at
7:30 a.m. CST. The U.S. Energy Department's weekly inventory report will follow
at 9:30 a.m. Traders continue to keep close watch on South American weather and
OPEC is set to meet Thursday. In other news, investing sage and long-time
partner of Warren Buffett, Charlie Munger, died at the age of 99.
OUTSIDE MARKETS:
Previous closes Tuesday showed the Dow Jones Industrial Average up 83.51 at
35,416.98 and the S&P 500 Index up 4.46 at 4,554.89. The 10-Year Treasury yield
ended at 4.34%, the lowest close in two months. Early Wednesday, December Dow
Jones futures are up 93 points. European markets are mostly higher with the
spot futures of the London FTSE 100 trading down 0.20%, spot futures of
Germany's DAX trading up 1.04% and spot futures of France's CAC Index trading
up 0.50%. Asian markets are lower with Japan's Nikkei 225 index down 0.26% and
China's Shanghai Composite Index down 0.56%.
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