DTN Grain Open: Stocks, Commodities Starting Lower

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6:00 a.m. CME Globex: March corn is down 1/2 cent, March soybeans are down 5 3/4 cents, and March K.C. wheat is down 2 1/2 cents.

CME Globex Recap: European stock markets and the Dow Jones futures were lower early Monday, pressured by concerns about the ongoing shutdown of the federal government and news that China’s exports were down 4.4% in December from a year ago. Monday’s start has investors in risk-off mode as nearly all commodities are also trading lower, including grains.

OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial Average down 5.97 at 23,995.95 and the S&P 500 down 0.38 at 2,596.26 while the 10-yr Treasury yield ended at 2.70%. Early Monday, DJIA futures are down 214 points.

Asian markets are lower with Japan’s Nikkei 225 closed Monday and China’s Shanghai Composite down 18 points (-0.7%). European markets are lower with London’s FTSE 100 down 69.45 points (-1.0%), Germany’s DAX down 79.94 points (-0.7%), and France’s CAC 40 down 43.72 points (-0.9%).

The March euro was steady at 1.152 and the March U.S. dollar index was down 0.02 at 95.25. March 30-year T-Bonds were up 17/32nds while February gold was up $5.90 at $1295.40 and February crude oil was down $0.83 at $50.76. Soybeans on China’s Dalian Exchange are down 0.5% while soymeal is down 2.0%.

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