Pre-6 a.m. Globex Prices: May corn is up 3 1/2 cents, May soybeans are up 10 cents and July KC wheat is down 3 cents.
CME Globex Recap: Early Friday, Dow Jones futures are trading a little higher with both, European and Asian stocks also trading higher. According to RTTNews.com and China’s National Bureau of Statistics, China’s GDP was up 0.6% in the first quarter and up 18.3% from a year ago, less than expected, but a big rebound from last year’s pandemic-impaired performance.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 305.10 at 34,035.99 and the S&P 500 up 45.76 at 4,170.42 while the 10-Year Treasury yield fell to 1.53%. Early Friday, December Dow Jones futures are up 52 points.
Asian markets are higher with Japan’s Nikkei 225 up 40.68 (0.1%) and China’s Shanghai Composite up 27.63 (0.8%). European markets are higher with London’s FTSE 100 up 31.57 points (0.4%), Germany’s DAX up 98.93 points (0.6%) and France’s CAC 40 up 17.01 points (0.3%).
The June euro is up $0.0001 at $1.1990. The June U.S. Dollar Index is up 0.03 at 91.65. The June 30-year T-bond is down 1 3/32nds, while June gold is down $0.40 at $1,766.40 and May crude oil is up $0.13 at $63.59.
On China’s Dalian exchange, May corn was up 0.8%, May soybeans were up 1.3%, September soybean meal was up 1.4% and September bean oil was up 0.9%. May common wheat on China’s Zhengzhou exchange was unchanged. June Malaysian palm oil is trading up 2.6%.