6:00 a.m. CME Globex: December corn was up 1/4 cent, November soybeans were down 3 3/4 cents, and September Chicago wheat was up 2 cents.
CME Globex Recap: Stock markets in Japan and Europe are lower early Friday with fresh concerns about Turkey’s economy and its falling currency adding to previous concerns of rising tariffs and trade disputes. There is also a flight to safety among investors as the U.S. dollar and U.S. Treasury bonds are trading higher. Most commodities are mixed on this big report day for grains — the first one without a lockup room for the media.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 74.52 points at 25,509.23 and the S&P 500 down 4.12 points at 2,853.58 while the 10-year Treasury yield ended at 2.93%. Early Friday, DJIA futures were down 101 points.
Asian markets are mostly lower with Japan’s Nikkei 225 down 300.31 (-1.3%) and China’s Shanghai Composite up 0.93 (0.03%). European markets are lower with London’s FTSE 100 down 58.49 points (-0.8%), Germany’s DAX up 212.71 points (-1.7%), and France’s CAC 40 down 70.15 points (-1.3%).
The euro was down .0085 and the U.S. dollar index was up 0.43 at 96.04. September 30-year T-Bonds were up 23/32nds while December gold was down $2.50 at $1,217.40 and September crude oil was down $0.05 at $66.76. Soybeans on China’s Dalian Exchange were steady to higher and Malaysian palm oil futures were down 0.1%.