DTN Grain Open: Soybeans Press Higher, Unfazed by Report Day

    Soybeans. ©Debra L Ferguson Stock Photography

    Pre-6 a.m. Globex Prices: July corn is up 1 1/2 cents, July soybeans are up 27 cents and July KC wheat is down 1 1/4 cents.

    CME Globex Recap: Early Wednesday, Dow Jones futures are trading lower after two days of lower closes. June crude oil is slightly higher, while the nation’s largest fuel pipeline remains closed due to a cyberattack. Traders will be watching the Labor Department’s report on consumer prices, due out at 7:30 a.m. CDT Wednesday. Fighting between Palestinians and Israelis has escalated once again with sides launching rockets and air strikes.

    OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial Average down 473.66 at 34,269.16 and the S&P 500 down 36.33 at 4,152.10 while the 10-Year Treasury yield ended at 1.62%. Early Wednesday, June Dow Jones futures are trading down 80 points.

    Asian markets are mixed with Japan’s Nikkei 225 index down 1.61% and China’s Shanghai Composite Index up 0.61%. European markets are steady to higher with the spot futures of the London FTSE 100 trading up 0.76%, spot futures of Germany’s DAX trading up 0.35% and spot futures of France’s CAC Index trading up 0.06%.

    The June euro is down $0.0024 at $1.2137. The June U.S. Dollar Index is up 0.14 at 90.26. The June 30-year T-bond is up 8/32nds, while June gold is down $2.50 at $1,833.60 and June crude oil is up $0.46 at $65.74.

    On China’s Dalian exchange, September corn was up 1.1%, July soybeans were up 2.9%, September soybean meal was up 2.3% and September soybean oil was up 2.5%. July common wheat on China’s Zhengzhou exchange was up 0.3%. June Malaysian palm oil is trading up 3.1%.

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