6:00 a.m. CME Globex: December corn was up 1 1/2 cents, November soybeans were down 6 1/4 cents, and December K.C. wheat was down 1/4 cent.
CME Globex Recap: Global equity markets are stronger to close the week as both the U.S. and China seem much more reserved with the latest round of tariffs tacked on. The weakness in the U.S. dollar index is supporting commodities across the board with the Bloomberg Commodity Index trading to the highest level since mid-August Thursday. A little back and fill trade in the grain room Friday.
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 251.22 points at 26,656.98 and the S&P 500 up 22.80 points at 2,930.75 while the 10-year Treasury yield ended at 3.068%. Early Friday, DJIA futures were up 1.50.
Asian markets are higher with Japan’s Nikkei 225 up 195.00 points (0.82%) and China’s Shanghai Composite up 68.24 (2.50%). European markets are higher with London’s FTSE 100 up 77.50 points (1.05%), Germany’s DAX up 83.05 points (0.67%), and France’s CAC 40 up 36.58 points (0.67%).
The euro was down 0.00050 at 1.18490 and the U.S. dollar index was up 0.1040 at 94.0020. September 30-year T-Bonds were unchanged while December gold was down $0.40 at $1210.90 and October crude oil was up $0.44 at $70.76 Soybeans on China’s Dalian Exchange closed down 0.11% while meal was up 0.57%.