Agfax Buzz:
    June 10, 2014

    DTN Grain Open: Futures Begin Quietly Mixed

    AgFax.Com - Your Online Ag News Source

    By Darin Newsom, DTN Senior Analyst

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

     

    6:00 a.m. CME Globex: July Corn 1 cent higher, July Soybeans 6 cents higher, and July Chicago Wheat 1/2 cent lower.

    CME Globex Recap: Grain markets were mixed early Tuesday with soybeans posting a solid rally, corn near unchanged, and wheat contracts lower. Activity in the July to August soybean spread remains the highlight, with July posting another strong gain, though results could be skewed by low trade volume. Outside commodities were mostly lower, though crude oil was able to rally. The U.S. dollar index was showing strength again Tuesday morning.

    OUTSIDE MARKETS

    The Dow Jones Industrial Average closed 18.82 points higher Monday at 16,943.10. Dow Jones Industrial Average futures were 17 points lower overnight, indicating selling could be seen early Tuesday. Asian markets were mostly higher though the Nikkei was down 129.20 points at 14,994.80. European markets were also mostly higher. The overnight crude oil market was $0.33 higher at $104.74 while Brent crude was $0.04 lower at $109.95. The August gold contract was $1.00 lower at $1,252.90 while the U.S. dollar index was 0.180 higher at 80.833. Soybeans at the Dalian Exchange were lower while Malaysian palm oil contracts were also lower.

    Tags: , ,

     
    Copyright DTN. All rights reserved. Disclaimer.
    Powered By DTN

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Sunbelt Ag News

      Trade Promotion Authority: Vilsack Whips Up Support02-27

      Ethanol: Corn Growers Defend RFS – DTN02-27

      Planting: New Rigs at the Top of Their Game – DTN02-27

      Rice Market: Only Feeble Signs of Price Improvement02-27

      Grain TV: Ethanol Plants Drive Corn Basis Higher02-27

      Wheat: Study Sheds Light on Stem Rust Disease in Africa and Asia02-27

      AFB Grain-Soybean Close: Strong Outside Markets Provide Good Support02-27

      AFB Cotton Close: Selling Continues with Wide Range02-27

      AFB Rice Close: Positive Finish for the Week02-27

      Nebraska: Can You Shoot an Uninvited Drone?02-27

      Turkey Hunting: Tips for the Spring Gobbler Season02-27

      DTN Livestock Close: Slow, Choppy Trade02-27

      Doane Cotton Close: Technical Selling, Profit-Taking Weigh on Market02-27

      Cotton Base Acres Count as Generic Base Under Farm Bill02-27

      Soybeans: Monsanto Plans In-Field Training for Roundup Ready2 Xtend02-27

      DTN Cotton Close: Texas Could See More Freezing Rain, Snow02-27

      Shurley on Cotton: Improvement Slows Down, but What Else Did We Expect?02-27

      Peanut Stocks and Processing: Utilization Up 7%02-27

      USDA: Peanut Price Highlights02-27

      Weekly Cotton Market Review – USDA02-27

      DTN Grain Close: Brazil Truck Strike Remains a Market Mover02-27

      Keith Good: Chinese Corn Imports Not Likely to Recover; Food Stamp Debate Wages On02-27

      Georgia Celebrates National Peanut Month with PB&J Day, Donations02-27

      USDA Changes Deadline: Yield History Update, Reallocation Base Now Due March 3102-27

      DTN Grain Midday: Short-Covering in Fairly Quiet Trade02-27