DTN Early Word Grains 04/26 05:54
Corn, Wheat Start a Little Higher
July corn is up 1 1/4 cents, July soybeans are down 2 3/4 cents and July KC
wheat is up 1 3/4 cents.
By Todd Hultman
DTN Lead Analyst
6:00 a.m. CME Globex: July corn is up 1 1/4 cents, July soybeans are down 2
3/4 cents and July KC wheat is up 1 3/4 cents.
CME Globex Recap: Dow Jones futures are starting lower early Friday, ahead of
the first estimate of U.S. GDP in the first quarter, due out at 7:30 a.m CDT.
The June U.S. dollar index is down 0.09 and outside commodities are mixed. June
crude oil is down 85 cents.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 134.97 at 26,462.08 and the S&P 500 down 1.08 at 2,926.17, while
the 10-yr Treasury yield ended at 2.53%. Early Friday, DJIA futures are down 27
points. Asian markets are lower with Japan's Nikkei 225 down 48.85 (-0.2%) and
China's Shanghai Composite down 37.43 points (-1.2%). European markets are
lower with London's FTSE 100 down 26.84 points (-0.4%), Germany's DAX down
11.10 points (-0.1%), and France's CAC 40 down 5.79 points (-0.2%). The June
Euro is unchanged at $1.119 and the June U.S. dollar index is down 0.090 at
97.82. The June 30-Year T-Bond is up 7/32nds, while June gold is up $4.10 at
$1,283.80 and June crude oil is down $0.85 at $64.36. Soybeans and meal on
China's Dalian Exchange were both a little lower.
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