Pre-6 a.m. Globex Prices: December corn is down 13 3/4 cents, November soybeans are down 21 cents and September KC wheat is down 12 cents.
CME Globex Recap: Early Thursday, Dow Jones futures are trading a little higher with support from higher markets in Europe and Asia. According to the Wall Street Journal, this week’s favorable earnings reports have helped stocks recover from Monday’s big losses, related to the resurgence of coronavirus infections. U.S. weekly grain export sales and jobless claims are due out at 7:30 a.m. CDT, followed by existing U.S. home sales at 9 a.m.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial Average up 286.01 at 34,798.00 and the S&P 500 up 35.63 at 4,358.69 as the 10-Year Treasury yield settled at 1.28%. Early Thursday, September Dow Jones futures are trading up 58 points.
Asian markets are higher with Japan’s Nikkei 225 index up 0.58% and China’s Shanghai Composite Index up 0.34%. European markets are higher with the spot futures of the London FTSE 100 trading up 0.18%, spot futures of Germany’s DAX trading up 0.74% and spot futures of France’s CAC Index trading up 0.53%.
The September euro is down $0.0005 at $1.1808. The September U.S. Dollar Index is up 0.0 at 92.76. The September 30-year T-bond is down 4/32nds, while August gold is down $6.40 at $1,797.0 and September crude oil is up $0.55 at $70.85.
On China’s Dalian exchange, September corn was down 0.2%, September soybeans were down 1.2%, September soybean meal was down 1.1% and September soybean oil was down 0.8%. July common wheat on China’s Zhengzhou exchange was down 0.0%. September Malaysian palm oil is trading down 0.8%.