DTN Early Word Grains 06/21 05:55
Grains Start the Week Lower With Rain Expected
December corn is down 17 cents, November soybeans are down 25 cents and July
KC wheat is down 7 1/2 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: December corn is down 17 cents, November soybeans
are down 25 cents and July KC wheat is down 7 1/2 cents.
CME Globex Recap: Early Monday, Dow Jones futures are trading higher,
recovering part of Friday's losses with ongoing concerns about inflation and
the Federal Reserve's anticipation of higher interest rates in 2023. Most
commodities are starting lower, but July crude oil is trading modestly higher.
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average down 533.37 at 33,290.08 and the S&P 500 down 55.41 at 4,166.45 as the
10-Year Treasury yield ended at 1.45%. Early Monday, June Dow Jones futures are
trading up 194 points. Asian markets are mixed with Japan's Nikkei 225 index
down 3.3% and China's Shanghai Composite Index up 0.1%. European markets are
slightly higher with the spot futures of the London FTSE 100 trading up 0.12%,
spot futures of Germany's DAX trading up 0.37% and spot futures of France's CAC
Index trading up 0.14%. The September euro is up $0.0020 at $1.1912. The
September U.S. Dollar Index is down 0.11 at 92.10. The September 30-year T-bond
is up 14/32nds, while August gold is up $14.60 at $1,783.60 and July crude oil
is up $0.26 at $71.90. On China's Dalian exchange, September corn was down
1.1%, July soybeans were up 1.5%, September soybean meal was up 0.5% and
September soybean oil was up 0.6%. July common wheat on China's Zhengzhou
exchange was down 0.0%. August Malaysian palm oil is trading down 1.1%.
DTN offers additional daily information available free through DTN Snapshot – sign up