6:00 a.m. CME Globex: July corn is down 1 1/2 cents, July soybeans are up 3 cents and July KC wheat is down 1/2 cent.
CME Globex Recap: Prices are quiet overnight with outside commodities leaning higher early Thursday. Trade uncertainty with major ag markets remains a bearish concern for grain prices while the U.S. dollar index is trading at its highest prices in nearly two years.
OUTSIDE MARKETS: Previous closes on Wednesday showed the Dow Jones Industrial Average down 59.34 at 26,597.05 and the S&P 500 down 6.43 at 2,927.25, while the 10-yr Treasury yield ended at 2.52%. Early Thursday, DJIA futures are down 17 points.
Asian markets are mixed with Japan’s Nikkei 225 up 107.58 (0.5%) and China’s Shanghai Composite down 77.79 points (-2.4%). European markets are lower with London’s FTSE 100 down 31.89 points (-0.4%), Germany’s DAX down 12.74 points (-0.10%), and France’s CAC 40 down 11.55 points (-0.2%).
The June euro is unchanged at $1.119 and the June U.S. dollar index is up 0.040 at 97.895. The June 30-year T-Bond is down 4/32nds, while June gold is up $0.20 at $1,279.60 and June crude oil is up $0.20 at $66.10. Soybeans and meal on China’s Dalian Exchange were both slightly lower.