6:00 a.m. CME Globex: December corn was down 1/4 cent, November soybeans were down 4 1/4 cents, and September Kansas City (HRW) wheat was unchanged.
CME Globex Recap: Global stock markets are mostly lower early Thursday with ongoing trade disputes still seen as a threat to world growth in 2018 and interest rates expected to go higher. Most commodities are also lower early Thursday with gold trading at new lows.
OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 79.40 points at 25,199.29 and the S&P 500 up 6.07 points at 2,815.62 while the 10-year Treasury yield ended at 2.87%. Early Wednesday, DJIA futures were down 42 points.
Asian markets are lower with Japan’s Nikkei 225 down 29.51 (-0.1%) and China’s Shanghai Composite down 14.71 (-0.5%). European markets are mostly lower with London’s FTSE 100 up 15.95 points (0.2%), Germany’s DAX down 33.07 points (-0.3%), and France’s CAC 40 down 17.39 points (-0.3%).
The euro was down .0049 and the U.S. dollar index was up 0.37 at 95.46. September 30-year T-Bonds were down 8/32nds while August gold was down $11.40 at $1,216.30 and August crude oil was down $0.82 at $67.94. Soybeans on China’s Dalian Exchange were steady to lower and Malaysian palm oil futures were down 0.3%.