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DTN Early Word Grains 10/14 05:47
Grain Markets Lower on Harvest Pressure, Rainfall Forecasts for Central
Brazil
December corn is down 2 1/4 cents per bushel, November soybeans are down 4
cents, December KC wheat is down 1 3/4 cents, December Chicago wheat is down 1
cent and December Minneapolis wheat is down 2 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 1/4 cents per
bushel, November soybeans are down 4 cents, December KC wheat is down 1 3/4
cents, December Chicago wheat is down 1 cent and December Minneapolis wheat is
down 2 cents.
CME GLOBEX RECAP: World equity markets are quietly mixed, with the exception
of China, which is rallying as government officials have promised more details
will be coming in regard to additional stimulus. Traders continue to watch U.S.
economic data for clues as to the next move from the Federal Reserve Board.
This week, we will have a light week for new economic data, with the federal
government closed Monday due to Columbus Day/Indigenous Peoples' Day. The major
reports that will be released include the import price data on Wednesday,
initial jobless claims, retail sales, industrial production, and business
inventories on Thursday, and housing starts on Friday.
OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 409.74 at 42,863.86 and the S&P 500 up 34.98 at 5,815.03. The
10-Year Treasury yield ended at 4.073%. Early Monday, the December Dow Jones
Futures are down 32 points. European markets are mixed/higher/lower with the
spot futures of London's FTSE 100 trading down 0.15%, spot futures of Germany's
DAX is trading up 0.26% and the spot futures of France's CAC 40 Index down
0.42%. Asian markets are mixed/higher/lower with Japan's Nikkei 225 Index up
0.57% and China's Shanghai Composite Index up 2.07%.
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