DTN Grain Open: Soybeans Rebound Some From WASDE Losses

©Debra L Ferguson Stock Photography

Pre-6 a.m. CDT prices, CME Globex: December corn is down 2 1/4 cents per bushel, November soybeans are up 8 3/4 cents, and December KC wheat is down 2 3/4 cents.

CME Globex Recap: Soybeans have recovered about one third of Tuesday losses following the bearish WASDE, which saw yield, production and ending stocks rise higher than expected.

Early on Tuesday, Dow Jones futures are up slightly, with European markets mixed to higher, and Asian markets are mixed to mostly lower. The bond market is lower. Weather in the Plains and Midwest has been beneficial for harvest, but some heavy storms are moving across the central and Western Corn Belt early Wednesday and the Upper Midwest, likely leading to harvest delays.

Outside Markets: Previous closes on Monday showed the Dow Jones Industrial Average down 117.72 at 34,378.34 and the S&P 500 down 10.54 at 4,350.65 while the 10-year Treasury yield ended at 1.558%. Early on Wednesday, the September DJIA futures are up 14 points.

Asian markets are mostly lower with Japan’s Nikkei 225 down 2.07% and China’s Shanghai Composite up 1.14%. European markets are mixed with London’s FTSE 100 down 4.88 points (0.07%), Germany’s DAX up 105.68 points (0.70%) and France’s CAC 40 down 25.81 points (0.43%).

The September euro is down at 1.156 and the September U.S. Dollar Index is down .14 at 94.38. The September 30-year T-Bond is up 5/8ths, while December gold is up $8.80 at $1,768.30 and November crude oil is down $0.29 at $80.35.

Soybeans on China’s Dalian Exchange were down 0.87% while soybean meal was down 1.14%.

The Latest

Send press releases to Ernst@Agfax.com.

View All Events

Send press releases to Ernst@Agfax.com.

View All Events