DTN Early Word Grains 04/22 05:54
Demand Continues for Row Crops
July corn is up 6 3/4 cents, July soybeans are up 20 cents and July KC wheat
is up 8 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: July corn is up 6 3/4 cents, July soybeans are up
20 cents and July KC wheat is up 8 cents.
CME Globex Recap: Early Thursday, Dow Jones futures are slightly lower,
while European markets are modestly higher. According to Reuters, India
recorded 314,835 new infections in one day, the most on record, so far.
Protests in Russia increase, urging the release of political prisoner Alexei
Navalny. June crude oil is trading a little lower after Wednesday's report from
the Energy Department said U.S. crude inventory was up 600,000 barrels last
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 316.01 at 34,137.31 and the S&P 500 up 38.48 at 4,173.42 while the
10-Year Treasury yield ended at 1.56%. Early Thursday, June Dow Jones futures
are down 3 points. Asian markets are mostly higher with Japan's Nikkei 225
index up 2.38% and China's Shanghai Composite Index down 0.23%. European
markets are higher with the spot futures of the London FTSE 100 trading up
0.15%, spot futures of Germany's DAX trading up 0.60% and spot futures of
France's CAC Index trading up 0.84%. The June euro is up $0.0010 at $1.2052.
The June U.S. Dollar Index is down 0.02 at 91.11. The June 30-year T-bond is up
1/8, while June gold is down $5.90 at $1,787.20 and June crude oil is down
$0.28 at $61.07. On China's Dalian exchange, September corn was up 1.0%, July
soybeans were up 0.8%, September soybean meal was up 0.7% and September soybean
oil was up 1.3%. July common wheat on China's Zhengzhou exchange was unchanged.
June Malaysian palm oil is trading up 2.5%.
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