6:00 a.m. CME Globex: May corn was unchanged, May soybeans were up 2 1/2 cents, and May Chicago wheat was up 1/2 cent.
CME Globex Recap: May soybeans were modestly higher early Friday while corn and wheat stayed near Thursday’s lower closes with little fresh news expected at the end of the week. Rain with severe weather threats are moving through the southwestern Plains Friday morning.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed up 174.22 points at 20,578.71. The NASDAQ Composite was up 53.75 points at 5,916.78 and the S&P 500 was up 17.67 points at 2,355.84 Thursday. DJIA futures were down 4 points early Friday morning.
Asian markets were mixed with Japan’s Nikkei up 190.26 points (1.0%), Hong Kong’s Hang Seng down 15.96 points (-0.06%), and China’s Shanghai Composite up 1.05 points (0.03%). European markets were lower Friday with London’s FTSE 100 down 10.33 points (-0.15%), Germany’s DAX down 14.33 points (-0.12%), and France’s CAC 40 down 48.85 points (-0.96%).
The U.S. dollar index was up 0.02 at 99.86 while the June euro was down 0.00175 at 1.07320. June 30-year T-Bonds were steady at 154’05 while June gold was down $1.00 at $1,282.80. June crude oil was unchanged at $50.71 while June Brent crude was up $0.01 at $53.00. Soybeans at the Dalian Exchange were mixed and Malaysian palm oil futures are up 1.0%.