DTN Early Word Grains 06/26 05:51
Grains Sag Lower Ahead of Friday's Reports
December corn is down 3 1/4 cents, November soybeans are down 3 1/4 cents
and September KC wheat is down 4 cents.
By Todd Hultman
DTN Lead Analyst
6:00 a.m. CME Globex: December corn is down 3 1/4 cents, November soybeans
are down 3 1/4 cents and September KC wheat is down 4 cents.
CME Globex Recap: U.S. stock futures and European stock markets are mixed
early Wednesday with a report on U.S. durable goods orders due out at 7:30 a.m.
CDT. August crude oil is trading higher with early headlines showing harsh
rhetoric traded back and forth between the U.S. and Iran after the U.S. imposed
new sanctions against Iran on Monday.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 179.32 at 26,548.22 and the S&P 500 down 27.97 at 2,917.38 while
the 10-Year Treasury yield ended at 1.99%. Early Wednesday, the September DJIA
futures are up 118 points. Asian markets are lower with Japan's Nikkei 225 down
107.22 (-0.5%) and China's Shanghai Composite down 5.79 points (-0.2%).
European markets are mixed with London's FTSE 100 down 2.56 points (-0.03%),
Germany's DAX up 7.80 points (0.06%) and France's CAC 40 down 3.12 points
(-0.06%). The September Euro is down 0.002 at 1.143 and the September U.S.
dollar index is up 0.16 at 95.80. The September 30-Year T-Bond is down
15/32nds, while August gold is down $8.20 at $1,410.50 and August crude oil is
up $1.03 at $58.86. Soybeans and meal on China's Dalian Exchange were both
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