6:00 a.m. CME Globex: December corn was up 3/4 cent, November soybeans were up 4 cents, and December K.C. wheat was up 8 3/4 cents.
CME Globex Recap: Most major stock markets are higher early Wednesday, including those in Asia as investors appear to shrug off trade war concerns. Commodities are mixed, but mostly higher, helped by a lower start in the U.S. dollar. The grain sector has flipped to green early, helped by higher wheat prices in both the U.S. and Europe.
OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 184.84 points at 26,246.96 and the S&P 500 up 15.51 points at 2,904.31 while the 10-year Treasury yield ended at 3.05%. Early Wednesday, DJIA futures were up 13 points.
Asian markets are higher with Japan’s Nikkei 225 up 251.98 (1.1%) and China’s Shanghai Composite up 30.90 (1.1%). European markets are mostly higher with London’s FTSE 100 down 10.04 points (-0.1%), Germany’s DAX up 31.57 points (0.3%), and France’s CAC 40 up 21.27 points (0.4%).
The euro was up .0034 and the U.S. dollar index was down 0.21 at 94.40. December 30-year T-Bonds were down 8/32nds while December gold was up $4.70 at $1,207.60 and November crude oil was up $0.01 at $69.60. Soybeans on China’s Dalian Exchange were moderately lower and Malaysian palm oil futures were down 1.3%.