6:00 a.m. CME Globex: December corn was up 1/2 cent, November soybeans were down 2 cents, and December K.C. wheat was down 3 cents.
CME Globex Recap: Equity markets are higher Thursday morning while the U.S. dollar index is trading at the lowest levels since July. Crude oil is once again over $70.00/barrel, adding support to the commodity complex. Grains mostly taking a breather Thursday, although harvest looks to be delayed most of this week with rain around the entire Corn Belt.
OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average up 158.80 points at 26,405.76 and the S&P 500 up 3.64 points at 2,907.95 while the 10-year Treasury yield ended at 3.072%. Early Thursday, DJIA futures were up 1.75.
Asian markets are higher with Japan’s Nikkei 225 up 251.98 points (1.08%) and China’s Shanghai Composite up 30.90 (1.14%). European markets are lower with London’s FTSE 100 up 12.77 points (0.18%), Germany’s DAX up 37.91 points (0.31%), and France’s CAC 40 up 30.08 points (0.57%).
The euro was up 0.00260 at 1.17230 and the U.S. dollar index was down 0.2170 at 94.3280. September 30-year T-Bonds were up 9/32nds while December gold was up $1.01 at $1203.21 and October crude oil was up $0.30 at $71.42. Soybeans on China’s Dalian Exchange closed down 0.38% while meal was up 0.81%.