DTN Grain Open: Mixed Start to Last Big Week of Harvest

Two combines harvesting soybeans. Photo: Bruce Schultz, LSU AgCenter

Pre-5:00 a.m. CME Globex: December corn was up 1 cent, November soybeans were down 1 1/2 cents, and December KC wheat was up 1/4 cents.

CME Globex Recap: Mixed global equity markets overnight, but the real talker is the USD Index making fresh 17-month highs which will be a drag on U.S. dollar-denominated commodities. Grains are mixed overnight but mainly inside the late week ranges. Harvest should wrap up in the Midwest this week.

OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average down 201.92 points at 25,989.30 and the S&P 500 down 25.82 points at 2,781.01 while the 10-year Treasury yield ended at 3.186%. Early Monday, DJIA futures are down 48.00 points.

Asian markets were higher with Japan’s Nikkei 225 up 19.63 points (0.09%) and China’s Shanghai Composite was up 31.65 points (1.22%). European markets are mixed with London’s FTSE 100 up 11.46 points (0.16%), Germany’s DAX down 71.41 points (-0.62%), and France’s CAC 40 down 1.70 points (-0.03%).

The euro was down 0.00860 at 1.12565 and the U.S. dollar index was up 0.5690 at 97.4680. September 30-year T-Bonds were up 12/32nds while December gold was down $1.70 at $1206.90 and December crude oil was up $0.26 at $60.45. Soybeans on China’s Dalian Exchange closed up 0.75% and soymeal closed down 0.13%.

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