| |
DTN Early Word Grains 01/16 05:46
Grain Markets Lower, Correcting Recent Gains
March corn is down 3 1/4 cents per bushel, March soybeans are down 13 1/4
cents, March KC wheat is down 7 1/4 cents, March Chicago wheat is down 5 1/4
cents and March Minneapolis wheat is down 3 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is down 3 1/4 cents per bushel,
March soybeans are down 13 1/4 cents, March KC wheat is down 7 1/4 cents, March
Chicago wheat is down 5 1/4 cents and March Minneapolis wheat is down 3 3/4
cents.
CME GLOBEX RECAP: World equity markets are mixed in the aftermath of a very
strong session in U.S. markets on Wednesday. The new CPI data released on
Wednesday morning was mostly in line with trade expectations, but some portions
of the data showed a moderation of inflation that was not expected by traders.
This resulted in a very strong rally, recovering all the losses that have been
seen year-to-date.
Thursday we will see retail sales, weekly initial jobless claims, import
prices, business inventories, and the home builder's confidence index.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 703.27 at 43,221.55 and the S&P 500 up 107.00 at 5,949.91. The
10-Year Treasury yield ended at 4.653%. Early Thursday, the March Dow Jones
Futures are up 22 points. European markets are mixed with the spot futures of
London's FTSE 100 trading up 0.86%, spot futures of Germany's DAX is trading
down 0.16% and the spot futures of France's CAC 40 Index up 1.75%. Asian
markets are higher with Japan's Nikkei 225 Index up 0.33% and China's Shanghai
Composite Index up 0.28%.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
|
|
