Printable Page Grain   Return to Menu - Page 1 2 3 5 6 9 10 11 12 13
 
 
DTN Early Word Grains         05/16 05:52
   Wheat Prices Charge Higher as Indian Ban Confirmed

   July corn was up 16 cents, July soybeans were up 11 3/4 cents and July KC
wheat was up 48 1/2 cents.

Todd Hultman
DTN Lead Analyst

   Pre-6 a.m. Globex Prices: July corn was up 16 cents, July soybeans were up
11 3/4 cents and July KC wheat was up 48 1/2 cents.

   CME GLOBEX RECAP: Early Monday, U.S. stocks on the Dow Jones Industrials are
trading slightly lower, similar to a neutral start in both Europe and Asia.
Investors remained concerned about rising interest rates and rising prices.
According to the Wall Street Journal retail sales in China dropped 11% in April
from a year ago, another sign of the impact of Covid lockdowns. After a week of
rumors circulating, India's government agreed over the weekend to ban exports
of wheat, except to nations in need.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 466.36 at 32,196.66 and the S&P 500 up 93.81 at 4,023.88 as the
10-Year Treasury yield ended at 2.94%, down from the highest level in three and
a half years. Early Monday, June Dow Jones futures are trading down 40 points.
Asian markets are mixed with Japan's Nikkei 225 index up 0.45% and China's
Shanghai Composite Index down 0.34%. European markets are also mixed with the
spot futures of the London FTSE 100 trading up 0.20%, spot futures of Germany's
DAX trading down 0.08% and spot futures of France's CAC Index trading up 0.04%.
The June euro is up $0.0018 at $1.0435. The June U.S. Dollar Index is down 0.09
at 104.53. The June 30-year T-bond is up 3/32nds, while June gold is down
$11.30 at $1,796.90 and June crude oil is down $0.47 at $110.02. On China's
Dalian exchange, September corn was up 0.1%, July soybeans were up 2.6%,
September soybean meal was up 2.2% and September soybean oil was up 1.2%. Due
to a Malaysian holiday, palm oil futures were not trading Monday.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN