DTN Grain Open: Commodities Mostly Lower

Pre-6 a.m. Globex Prices: December corn is down 2 cents, November soybeans are unchanged and December KC wheat is up 1/2 cent.

CME Globex Recap: Early Wednesday, Dow Jones futures are trading higher, supported by higher trading in European stock markets. The December U.S. dollar index is steady and most commodities, including grains, are starting lower with row crop harvest making good progress this week. At the same time, U.S. export sales of corn and soybeans remain active and are helping to support prices at a time of year when lows are usually made.

OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial Average up 140.48 at 27,288.18 and the S&P 500 up 34.51 at 3,315.57 while the 10-Year Treasury yield ended at 0.66%. Early Wednesday, December Dow Jones futures are up 192 points.

Asian markets are mixed with Japan’s Nikkei 225 down 13.81 (-0.1%) and China’s Shanghai Composite up 5.41 points (0.2%). European markets are higher with London’s FTSE 100 up 119.20 points (2.0%), Germany’s DAX up 212.29 points (1.7%) and France’s CAC 40 up 91.38 points (1.9%). The

December euro is up $.0011 at $1.1737. The December U.S. Dollar Index is down .03 at 93.99. The December 30-year T-bond is down 3/32nds, while December gold is down $15.50 at $1,892.10 and November crude oil is up $0.13 at $39.93. On China’s Dalian Exchange, soybeans, corn and soybean meal are all trading lower early Wednesday. November palm oil is trading down 2.8%, a third day lower from its recent 8-month high.

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