DTN Grain Open: Spring Wheat Pushing Higher

Photo: University of Kentucky

Pre-6 a.m. CDT prices, CME Globex: December corn is up 2 cents, November soybeans are up 11 cents and September KC wheat is up 9 1/4 cents.

CME Globex Recap: Early Friday, Dow Jones futures are starting a little higher, in line with Europe’s markets. Reports on June retail sales and the University of Michigan’s consumer sentiment index are due out later Friday. Markets are still digesting recent earnings reports and this week’s news of higher consumer prices in June.

OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 53.79 at 34,987.02 and the S&P 500 down 14.27 at 4,360.03 as the 10-year Treasury yield settled at 1.30%. Early Friday, September Dow Jones futures are trading up 69 points.

Asian markets are lower with Japan’s Nikkei 225 index down 0.98% and China’s Shanghai Composite Index down 0.71%. European markets are a little higher with the spot futures of the London FTSE 100 trading up 0.49%, spot futures of Germany’s DAX trading up 0.44% and spot futures of France’s CAC Index trading up 0.05%.

The September euro is up $0.0009 at $1.1830. The September U.S. Dollar Index is down 0.07 at 92.56. The September 30-year T-bond is down 23/32nds, while August gold is down $5.70 at $1,823.30 and August crude oil is up $0.53 at $72.18. On China’s Dalian exchange,

September corn was down 1.1%, September soybeans were down 0.2%, September soybean meal was down 0.0% and September soybean oil was up 0.4%. July common wheat on China’s Zhengzhou exchange was down 0.0%. September Malaysian palm oil is trading up 0.8%.

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