6:00 a.m. CME Globex: December corn was fractionally higher, November soybeans were 3 cents higher, and December Chicago (SRW) wheat was 1 cent higher.
CME Globex Recap: The grain and oilseed complex was in the green early Thursday morning, largely due to lower closes across the board Wednesday. Markets are expected to come to life, if only briefly, after the release of USDA’s October round of Crop Production and Supply and Demand reports at 11 am (CT) Thursday.
Other commodities were mixed with cotton in the same boat as grains and oilseeds, softs mixed, energies mostly lower, and metals higher.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 42.21 points (0.2%) higher at 22,872.89, the NASDAQ Composite gained 16.30 points (0.2%) to 6,603.55, and the S&P 500 added 4.60 points (0.2%) to 2,555.24 Wednesday. DJIA futures were 7 points lower early Thursday morning.
Asian markets closed mostly higher with Japan’s Nikkei up 73.45 points (0.3%), Hong Kong’s Hang Seng gaining 69.46 points (0.2%), and China’s Shanghai Composite down 2.18 points. European markets were trading mostly higher with London’s FTSE 100 up 7.45 points (0.1%)), Germany’s DAX adding 3.16 points, and France’s CAC 40 down 6.01 points (0.1%).
The euro was 0.0006 lower at 1.1853 while the U.S. dollar index gained 0.07 to 93.02. December 30-year T-Bonds were 1/32 higher at 152’19 while December gold rallied $7.90 to $1,296.80. Crude oil was $0.47 lower at 50.83 while Brent crude lost $0.29 to $56.65. China’s Dalian soybean market was lower and Malaysian palm oil futures were higher overnight.