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DTN Early Word Grains 05/13 06:01
Grain Markets Lower on Planting Progress, Weather
July corn is down 4 3/4 cents per bushel, July soybeans are down 5 1/4
cents, July KC wheat is down 6 cents, July Chicago wheat is down 8 cents and
July Minneapolis wheat is down 5 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is down 4 3/4 cents per bushel,
July soybeans are down 5 1/4 cents, July KC wheat is down 6 cents, July Chicago
wheat is down 8 cents and July Minneapolis wheat is down 5 cents.
CME GLOBEX RECAP: World equity markets are mixed, with the U.S. market
seeing some profit-taking Tuesday morning while world markets are catching up
to Monday's very strong rally. The agreement between the U.S. and China to
pause their tariff war and begin more substantial negotiations resulted in a
huge move in U.S. markets, with the Dow gaining over 1100 points. Tuesday's
trade so far has been tied to some profit-taking as traders will want to see
progress with the promised negotiations.
OUTSIDE MARKETS: Previous close Monday showed the Dow Jones Industrial
Average up 1,160.72 at 42,410.10 and the S&P 500 up 184.28 at 5,844.19, The
10-Year Treasury yield ended at 4.457%. Early Tuesday, the June Dow Jones
Futures are down 126 points. European markets are higher with the spot futures
of London's FTSE 100 trading up 0.26%, spot futures of Germany's DAX are
trading up 0.18% and the spot futures of France's CAC 40 Index up 0.15%. Asian
markets are higher with Japan's Nikkei 225 Index up 1.43% and China's Shanghai
Composite Index up 0.17%.
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