DTN Early Word Grains 09/27 05:50
Grain Prices Mostly Higher Ahead of Friday's Important Grain Stocks and
Small Grains Summary Reports
December corn was up 2 cents, November soybeans were up 7 1/2 cents and
December KC wheat was steady.
By Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn was up 2 cents, November
soybeans were up 7 1/2 cents and December KC wheat was steady.
CME GLOBEX RECAP: World equity markets are mixed Wednesday morning, with
U.S. and Asian markets a little higher while Europe is now mostly lower. On
Tuesday, markets were lower on the continued rally in bond yields which pushed
the 10-year note above 4.5%. Recent data shows a slowing economy, but labor
costs and higher energy costs are keeping inflation a major concern for the Fed.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 388.00 at 33,618.88 and the S&P 500 down 63.91 at 4,273.53, The
10-Year Treasury yield ended at 4.56%. Early Wednesday, the December Dow Jones
Futures are up 78 points. European markets are mixed with the spot futures of
London's FTSE 100 trading down 0.4%, spot futures of Germany's DAX is trading
down 0.23% and the spot futures of France's CAC 40 Index up 0.02%. Asian
markets are higher with Japan's Nikkei 225 Index up 0.18% and China's Shanghai
Composite Index up 0.16%.
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