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 Your email will not be published or shared with third parties.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

      Grain TV: Increased Soybean Demand Rallies Market07-28

      Doane Cotton Close: Rebounds from Oversold Conditions07-28

      DTN Livestock Close: Feeder Futures Explode to New Record Price Levels07-28

      AFB Grain-Soybean Close: Wheat Unable to Follow Corn, Soybeans Higher07-28

      AFB Cotton Close: Moves Higher in Narrow Range07-28

      AFB Rice Close: Futures Down Slightly07-28

      Crop Progress: Corn, Soybean Conditions Decline, Still at Historical Highs – DTN07-28

      DTN Cotton Close: Higher on Suspected Weekend Business07-28

      DTN Grain Close: Soybeans Rally on Dry Forecast, Exports07-28

      DDGs: China Issues New Import Rules, U.S. Unlikely to Comply – DTN07-28

      Cattle: Minimizing the Risk of Scours — DTN07-28

      Good on Grain: Storing the 2014 Corn Crop07-28

      DTN Livestock Midday: Futures Pull Back from Early Highs07-28

      DTN Grain Midday: Soybeans and Corn Up, Wheat Lags07-28

      DTN Fertilizer Outlook: Domestic Ammonia Prices Down Slightly07-28

      DTN Cotton Open: Trades Modestly Ahead07-28

      Flint on Crops: Challenges for Farmers Keep Coming, Keep Changing07-28

      DTN Livestock Open: Cattle Complex Staged for Bullish Start07-28

      DTN Grain Open: Soybeans Start 10 Cents Higher07-28

      Keith Good: July 1 Cattle, Calf Inventory Comes in at Historic Low07-28

      USDA Commentary: Weekly Cotton Markets, Weather by Region07-25

      Rose on Cotton: No Pleasure in this Market Made for Bears07-25

      Rice Market: U.S. Futures Decline as Global Prices Rise07-25

      Rice Crop: Harvest Begins Slowly in Louisiana and Texas07-25

      Rice Commentary – Rice Farmers Need to Consider a New Business Plan07-25