Pre-5:00 a.m. CME Globex: December corn was up 1/4 cent, November soybeans were down 4 3/4 cents, and December KC wheat was down 3 cents.
CME Globex Recap: Quiet financial markets as we begin a shortened trading week. Crude oil finally seems to have stabilized, working on its fourth higher close in a row after 12 lower sessions. Mostly weaker grain markets this morning, although oats have locked limit higher overnight in the December and March contracts.
OUTSIDE MARKETS: Closes on Friday showed the Dow Jones Industrial Average up 123.95 points at 25,413.22 and the S&P 500 up 6.07 points at 2,736.27 while the 10-year Treasury yield ended at 3.063%. Early Monday, DJIA futures are down 42.00 points.
Asian markets were higher with Japan’s Nikkei 225 up 140.82 points (0.65%) and China’s Shanghai Composite was up 24.40 points (0.91%). European markets are higher with London’s FTSE 100 up 21.75 points (0.31%), Germany’s DAX up 7.67 points (0.07%), and France’s CAC 40 up 5.08 points (0.10%).
The euro was up $0.00025 at $1.14160 and the U.S. dollar index was down 0.0790 at 96.3480. September 30-year T-Bonds were down 6/32nds while December gold was down $0.10 at $1222.90 and December crude oil was up $0.24 at $56.70. Soybeans on China’s Dalian Exchange closed down 0.49% and soymeal closed up 0.67%.