DTN Grain Open: Markets Higher Overnight, Led by Wheat

Photo: Texas AgriLife Extension

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

CME GLOBEX RECAP: Early Thursday, Dow Jones futures are higher with European markets mostly higher, and Asian markets mixed to mostly lower. The bond market is lower.

Rain is moving across Missouri and Illinois early on Thursday. For the next 3 days we could see more storms before a warmer and drier pattern sets in. China returned to buy U.S. soybeans for the first time in a while on Wednesday along with a new sale to unknown, and corn sale to unknown.

OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average down 0.53 at 34,377.81 and the S&P 500 up 13.15 at 4,363.80, while the 10-Year Treasury yield ended at 1.54%. Early Thursday, the September DJIA futures are up 206 points.

Asian markets are mixed to lower with Japan’s Nikkei 225 up 1.46% and China’s Shanghai Composite down 0.10%. European markets are higher with London’s FTSE 100 up 47.31 points (0.66%), Germany’s DAX up 128.62 points (0.85%) and France’s CAC 40 up 47.52 points (0.73%).

The December Euro is up at 1.1626 and the December U.S. Dollar Index is down 0.26 at 93.82. The September 30-Year T-Bond is unchanged, while December gold is up $2.40 at $1,797 and November crude oil is up $0.96 at $81.40.

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