DTN Early Word Grains 10/04 05:29
Soybeans Start Higher, Wheat Lower Early Wednesday After Tuesday's Bearish
December corn was down 1/2 cent, November soybeans were up 7 cents and
December KC wheat was down 8 cents.
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn was down 1/2 cent, November
soybeans were up 7 cents and December KC wheat was down 8 cents.
CME GLOBEX RECAP: Early Wednesday, Dow Jones futures are a little higher
with mixed trade in Europe and Asia. Thursday's sell-off in the stock market
accompanied news of more job openings in August than expected and also the
vacating of the U.S. Speaker of the House. A report on U.S. factory orders is
due out at 9:00 a.m. CDT Wednesday, followed by the U.S. Energy Department's
weekly report of energy inventories at 9:30 a.m. CDT, including ethanol
production. Traders will remain interested in the weather, harvest reports and
news from Ukraine.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 430.97 at 33,002.38 and the S&P 500 Index down 58.94 at 4,229.45.
The 10-Year Treasury yield ended at 4.80%, the highest in 16 years. Early
Wednesday, December Dow Jones futures are up 27 points. European markets are
mixed with the spot futures of the London FTSE 100 trading up 0.03%, spot
futures of Germany's DAX trading down 0.19% and spot futures of France's CAC
Index trading up 0.12%. Asian markets are also mixed with Japan's Nikkei 225
index down 2.28% and China's Shanghai Composite Index up 0.10%.