DTN Early Word Grains 10/10 05:47
Wheat Leading Grain Markets Higher Thursday Morning
December corn is up 2 1/4 cents per bushel, November soybeans are up 3/4
cent, December KC wheat is up 7 1/4 cents, December Chicago wheat is up 8 1/4
cents and December Minneapolis wheat is up 4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is up 2 1/4 cents per
bushel, November soybeans are up 3/4 cent, December KC wheat is up 7 1/4 cents,
December Chicago wheat is up 8 1/4 cents and December Minneapolis wheat is up 4
cents.
CME GLOBEX RECAP: World equity markets are mixed on Wednesday morning, as
European markets are all lower despite the big rally in U.S. markets on
Wednesday. Asian markets are higher however, catching up to the U.S. rally
after a very choppy trade in China since reopening on Tuesday. The U.S. market
is taking a breather ahead of the morning's release of the CPI report. That
report is expected to show CPI up only 2.3% year over year, an inflation rate
that is very close to the Federal Reserve's target of 2.0%. Traders are hoping
for a reading that will support additional interest rate cuts from the Fed in
November and December.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 431.63 at 42,512.0 and the S&P 500 up 40.91 at 5,792.04. The 10-Year
Treasury yield ended at 4.067%. Early Thursday, the December Dow Jones Futures
are down 68 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.13%, spot futures of Germany's DAX is trading
down 0.37% and the spot futures of France's CAC 40 Index down 0.33%. Asian
markets are higher with Japan's Nikkei 225 Index up 0.26% and China's Shanghai
Composite Index up 1.32%.
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