DTN Grain Open: Firmer as Traders Look for Trade War Truce

6:00 a.m. CME Globex: March corn was up 3/4 cents, January soybeans were up 3/4 cents, and March KC wheat was up 3 1/4 cents.

CME Globex Recap: Global equity markets appear to be stabilizing to close the week but the selling continues in U.S. equity futures. Crude oil is working on its third lower close in a row as prices bob just above the 50-handle area. Grains are mostly firmer ahead of the weekend although traders are slowly growing impatient for any physical sign the trade war is moving in the right direction.

OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average down 79.40 at 24,947.67 and the S&P 500 down 4.11 at 2,695.95 while the 10-yr Treasury yield ended at 2.89%. Early Friday, DJIA futures are down 86.00.

Asian markets were higher with Japan’s Nikkei 225 up 177.06 points (0.82%) and China’s Shanghai Composite was up 0.71 points (0.03%). European markets are higher with London’s FTSE 100 up 103.72 points (1.55%), Germany’s DAX up 83.17 points (0.77%), and France’s CAC 40 up 65.64 points (1.37%).

The euro was down 0.00055 at 1.13755 and the U.S. dollar index was up 0.0960 at 96.8700. December 30-year T-Bonds were down 6/32nds while February gold was up $2.20 at $1245.80 and January crude oil was down $0.19 at $51.30. Soybeans on China’s Dalian Exchange closed down 1.38% and soymeal closed down 0.75%.

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