Pre-6 a.m. CDT prices, CME Globex: July corn is up 4 3/4 cents, July soybeans are up 17 1/2 cents and July KC wheat is down 1 1/4 cents.
CME Globex Recap: Early Thursday, Dow Jones futures are starting a little higher with no strong direction from either Europe or Thursday’s return of Asian stocks. Wednesday’s G7 meeting expressed concern about human rights abuses in China and voiced support for Taiwan. Corporate earnings reports continue to show better-than-expected results and support the view of an improving economy.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 19.80 at 34,133.03 and the S&P 500 down 28.00 at 4,164.66 while the 10-year Treasury yield ended at 1.59%. Early Thursday, June Dow Jones futures are up 55 points.
Asian markets are mixed with Japan’s Nikkei 225 index up 1.80% and China’s Shanghai Composite Index down 0.16%. European markets are mixed with the spot futures of the London FTSE 100 trading up 0.02%, spot futures of Germany’s DAX trading down 0.03% and spot futures of France’s CAC Index trading down 0.10%.
The June euro is up $0.0044 at $1.2053. The June U.S. Dollar Index is down 0.24 at 91.06. The June 30-year T-bond is up 9/32nds, while June gold is up $8.50 at $1,792.80 and June crude oil is down $0.35 at $65.28.
On China’s Dalian exchange, September corn was up 0.9%, July soybeans were up 2.5%, September soybean meal was up 2.3% and September soybean oil was up 4.3%. July common wheat on China’s Zhengzhou exchange was unchanged. June Malaysian palm oil is trading up 3.6%.