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DTN Early Word Grains 05/09 06:08
Grain Markets Mixed Friday With Corn, Wheat Higher on Technical Rebound
July corn is up 3 3/4 cents per bushel, July soybeans are up 1 1/4 cents,
July KC wheat is up 1 3/4 cents, July Chicago wheat is up 2 1/2 cents and July
Minneapolis wheat is up 1 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is up 3 3/4 cents per bushel,
July soybeans are up 1 1/4 cents, July KC wheat is up 1 3/4 cents, July Chicago
wheat is up 2 1/2 cents and July Minneapolis wheat is up 1 3/4 cents.
CME GLOBEX RECAP: World equity markets are higher in the aftermath of the
first trade deal announced on Thursday between the U.S. and the UK, and also
ahead of the meeting the U.S. has with China this weekend. While few details of
the UK deal were actually announced, the announcement of a deal has helped the
stock market feel as if some progress is being made. The U.S. market is set for
another higher weekly close despite the Fed leaving interest rates unchanged
this week.
OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial
Average up 254.48 at 41,368.45 and the S&P 500 up 32.66 at 5,663.94. The
10-Year Treasury yield ended at 4.373%. Early Friday, the June Dow Jones
Futures are up 54 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.41%, spot futures of Germany's DAX are trading
up 0.53% and the spot futures of France's CAC 40 Index up 0.74%. Asian markets
are higher with Japan's Nikkei 225 Index up 1.97% and China's Shanghai
Composite Index up 0.78%.
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