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DTN Early Word Grains 03/25 05:53
Grain Markets Lower Again Tuesday Morning on Acreage, Tariff Worries
May corn is down 1 1/2 cents per bushel, May soybeans are down 4 1/4 cents,
May KC wheat is down 3 1/2 cents, May Chicago wheat is down 1/2 cent and May
Minneapolis wheat is down 1 1/2 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: May corn is down 1 1/2 cents per bushel,
May soybeans are down 4 1/4 cents, May KC wheat is down 3 1/2 cents, May
Chicago wheat is down 1/2 cent and May Minneapolis wheat is down 1 1/2 cents.
CME GLOBEX RECAP: World equity markets are mixed after a strong session on
Monday in which equity participants believed that the tariffs coming on April 2
would be less severe than previously feared. However, President Trump on
Wednesday evening threw some cold water on those reports suggesting that new
tariffs on autos, chips, and pharmaceuticals may be coming "soon". U.S. markets
have retreated slightly on that news.
OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 597.97 at 42,583.32 and the S&P 500 up 100.01 at 5,767.57. The
10-Year Treasury yield ended at 4.331%. Early Tuesday, the June Dow Jones
Futures are down 30 points. European markets are higher with the spot futures
of London's FTSE 100 trading up 0.44%, spot futures of Germany's DAX is trading
up 0.72% and the spot futures of France's CAC 40 Index up 0.99%. Asian markets
are mixed with Japan's Nikkei 225 Index up 0.46% and China's Shanghai Composite
Index down 0%.
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