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DTN Early Word Grains 12/01 05:41
US Crop Prices Start December in The Red
EARLY MORNING GLOBEX NET CHANGES: March corn was down 2 cents, January
soybeans were down 15 cents and March KC wheat was down 11 cents.
Todd Hultman
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn was down 2 cents, January
soybeans were down 15 cents and March KC wheat was down 11 cents.
CME GLOBEX RECAP: Early Friday, Dow Jones futures are trading higher after
CNBC.com reported the index ended with its best monthly performance in over a
year. Manufacturing indices from overnight showed contraction for several Asian
economies, but China showed slight expansion and India once again showed strong
expansion. Most economies in Europe continued to show contraction. The
Institute of Supply Management's manufacturing index for the U.S. will be
released at 9 a.m. CST. At 2 p.m., USDA's NASS releases its monthly Fats and
Oils report and grain traders continue to keep a close eye on weather in South
America.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 520.47 at 35,950.89 and the S&P 500 Index up 17.22 at 4,567.80. The
10-Year Treasury yield ended at 4.35%. Early Friday, December Dow Jones futures
are up 50 points. European markets are higher with the spot futures of the
London FTSE 100 trading up 0.87%, spot futures of Germany's DAX trading up
0.67% and spot futures of France's CAC Index trading up 0.40%. Asian markets
are mixed with Japan's Nikkei 225 index down 0.17% and China's Shanghai
Composite Index up 0.06%.
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