Agfax Buzz:
    October 14, 2013

    DTN Grain Open: Starting Out Quietly Mixed

    AgFax.Com - Your Online Ag News Source

    By Darin Newsom, DTN Senior Analyst

    Corn futures are unchanged at 6 a.m. CDT; soybeans higher; wheat lower.

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    6:00 a.m. CME Globex: Corn unchanged, soybeans 6 cents higher, and wheat 2 cents lower.

    CME Globex Recap: Grains were relatively quiet again early Monday, with corn posting a 2-cent range during the overnight session and wheat mustering only a 5-cent range. Soybeans showed a little more life with a 15-cent range, trading near its session high in the pre-dawn hours. A lack of movement on the U.S. government shutdown over the weekend has Dow Jones Industrial Average futures posting a triple-digit loss, the U.S. dollar index under pressure, and gold trading higher.

    OUTSIDE MARKETS

    The Dow Jones Industrial Average closed 111.04 points higher Friday at 15,237.11. Dow Jones Industrial Average futures were 106 points lower overnight, indicating renewed selling interest could be seen Monday. Asian markets were mostly lower while European markets were also mostly lower. The overnight crude oil market was $0.82 lower at $101.20 while Brent crude was $0.95 lower at $110.33. The December gold contract was $9.30 higher at $1,277.50 while the U.S. dollar index is 0.067 lower at 80.295. Soybeans at the Dalian Exchange were lower while Malaysian palm oil futures were also lower.

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