Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Grains         04/09 05:56
   Grains Rally Ahead of WASDE

   May corn is up 2 1/4 cents per bushel, May soybeans are up 3 3/4 cents, and
May KC wheat is up 6 cents.

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   May corn is up 2 1/4 cents per bushel, May soybeans are
up 3 3/4 cents, and May KC wheat is up 6 cents.

CME Globex Recap:   Equity markets are mixed around the globe as investors
continue to weigh prospects for containment with the coronavirus against the
largest three oil producers playing Deal or No Deal. The Financial Times
reported overnight that Russia has rejected suggestions a market-driven fall in
oil production from U.S. shale producers could count toward the country's share
of a potential global crude reduction deal. On the coronavirus front, there are
real hopes this week could be the high watermark for deaths in the United
States. Grain markets are higher across the board as traders await export sales
data and the April WASDE later Thursday morning. All three major ag commodities
need to see a strong export sales report to give confidence that sector is
helping to offset demand cuts domestically. The April WASDE will give the
market a sense of how sharply the USDA expects ethanol demand to be cut,
although unlikely they show their entire hand this month.

OUTSIDE MARKETS:   Previous closes on Wednesday showed the Dow Jones Industrial
Average up 779.71 at 23,433.57 and the S&P 500 up 90.57 at 2,659.41 while the
10-Year Treasury yield ended at 0.764%. Early Thursday, the June DJIA futures
are down 41 points. Asian markets are mixed with Japan's Nikkei 225 down 7.47
(-0.04%) and China's Shanghai Composite up 10.54 points (0.37%). European
markets are mixed with London's FTSE 100 up 34.75 points (0.61%), Germany's DAX
up 43.02 points (0.42%) and France's CAC 40 down 19.79 points (-0.45%). The
June Euro is up 0.001 at 1.090 and the June U.S. dollar index is down 0.180 at
99.990. The June 30-Year T-Bond is up 17/32nds, while June gold is up $20.90 at
$1,705.20 and May crude oil is up $1.55 at $26.64. Soybeans on China's Dalian
Exchange were up 1.25% while soybean meal was up 0.14%.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN