Pre-6 a.m. CDT prices, CME Globex: December corn is down 2 1/4 cents, November soybeans are up 3/4 cent and December KC wheat is down 1/2 cent.
CME Globex Recap: Early Monday, Dow Jones futures are trading higher with bullish influence from stock markets in Europe. The possibility of a U.S. government shutdown looms over the market if an agreement isn’t reached by the end of September. A report on U.S. durable goods orders for August is due out at 7:30 a.m. CDT Monday morning.
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial Average up 33.18 at 34,798.00 and the S&P 500 up 6.50 at 4,455.48 as the 10-Year Treasury yield ended at 1.46%, the highest in nearly three months. Early Monday, December Dow Jones futures are trading up 109 points.
Asian markets are leaning lower with Japan’s Nikkei 225 index down 0.03% and China’s Shanghai Composite Index down 0.84%. European markets are higher with the spot futures of the London FTSE 100 trading up 0.26%, spot futures of Germany’s DAX trading up 1.03% and spot futures of France’s CAC Index trading up 0.72%.
The December euro is down $0.0021 at $1.1713. The December U.S. Dollar Index is up 0.09 at 93.43. The December 30-year T-bond is down 11/32nds, while December gold is down $1.30 at $1,750.40 and October crude oil is up $1.07 at $75.05.
On China’s Dalian exchange, January corn was down 0.3%, November soybeans were down 0.7%, January soybean meal was down 0.3% and January soybean oil was up 0.3%. September common wheat on China’s Zhengzhou exchange was unchanged. December Malaysian palm oil is trading down 1.0%.