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DTN Early Word Grains 12/09 05:46
Grain Markets Mixed but Mostly Higher on Strong Demand for U.S. Grains.
March corn is down 1/4 cent per bushel, January soybeans are up 1/4 cent,
March KC wheat is up 3 1/2 cents, March Chicago wheat is up 4 1/4 cents and
March Minneapolis wheat is up 5 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is down 1/4 cent per bushel,
January soybeans are up 1/4 cent, March KC wheat is up 3 1/2 cents, March
Chicago wheat is up 4 1/4 cents and March Minneapolis wheat is up 5 cents.
CME GLOBEX RECAP: World equity markets are mixed, with the highlight Monday
morning being the Chinese market which surged after the Chinese politburo
announced several stimulus measures to support housing prices and the Chinese
stock market. The U.S. market is quietly lower to begin the week, after a
strong week in U.S. equities where all three indexes made record highs at
various points during the week. Friday's jobs report was stronger than
anticipated but not enough to keep traders from believing that a rate cut will
come from the Fed at their meeting next week.
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average down 123.19 at 44,642.52 and the S&P 500 up 15.16 at 6,090.27. The
10-Year Treasury yield ended at 4.151%. Early Monday, the December Dow Jones
Futures are down 5 points. European markets are mixed with the spot futures of
London's FTSE 100 trading up 0.33%, spot futures of Germany's DAX is trading
down 0.18% and the spot futures of France's CAC 40 Index up 0.42%. Asian
markets are higher with Japan's Nikkei 225 Index up 0.18% and China's Shanghai
Composite Index up 3%.
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