DTN Early Word Grains 10/07 05:51
Crop Prices Cautiously Higher Early Friday as Harvest Continues
December corn was up 2 cents, November soybeans were up 4 cents and December
KC wheat was up 9 cents.
DTN Lead Analyst
EARLY GLOBEX PRICES: December corn was up 2 cents, November soybeans were up
4 cents and December KC wheat was up 9 cents.
CME GLOBEX RECAP: Early Friday, stock futures in the U.S. were starting
slightly higher with markets lower to mixed in Europe. At 7:30 a.m. CDT Friday
morning, the U.S. Labor Department will release its jobs report for September
with implications for Federal Reserve policy. China's markets are still on
holiday and will be back Monday.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average down 346.93 at 29,926.94 and the S&P 500 down 38.76 at 3,744.52, while
the 10-Year Treasury yield increased to 3.83%, near the highest yield in 12
years. Early Friday, December Dow Jones futures are trading up 18 points. Asian
markets are lower with Japan's Nikkei 225 index down 0.71%. European markets
are slightly lower with the spot futures of the London FTSE 100 trading down
0.20%, spot futures of Germany's DAX trading down 0.17% and spot futures of
France's CAC Index trading down 0.03%. The December euro is up $0.0019 at
$.9861. The December U.S. Dollar Index is down 0.24 at 111.94. The December
30-year T-bond is down 7/32nds, while December gold is down $0.90 at $1,719.90
and November crude oil is up $0.47 at $88.92. December Malaysian palm oil is
trading up 3.1%. There are no quotes from China's Dalian exchange or stock
market this week due to a national holiday.
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