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DTN Early Word Grains 11/20 05:50
Grain Markets Lower as Wheat Corrects Recent Rally; Soybeans Pressured by
Lower Palm Oil
December corn is down 1 1/2 cents per bushel, January soybeans are down 9
1/4 cents, March KC wheat is down 4 cents, December Chicago wheat is down 4
cents and March Minneapolis wheat is down 3 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is down 1 1/2 cents per
bushel, January soybeans are down 9 1/4 cents, March KC wheat is down 4 cents,
December Chicago wheat is down 4 cents and March Minneapolis wheat is down 3
cents.
CME GLOBEX RECAP: World equity markets are mostly higher as Tuesday saw a
broad recovery from the concerns around the conflict in Russia and the Ukraine.
Instead, the market recovered on U.S. economic data and on thoughts that the
nuclear threats from Russian president Putin were just more threats to try and
push the Ukraine toward concessions in a peace deal.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 120.66 at 43,268.94 and the S&P 500 up 23.36 at 5,916.98. The
10-Year Treasury yield ended at 4.379%. Early Wednesday, the December Dow Jones
Futures are up 81 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.04%, spot futures of Germany's DAX is trading up
0.24% and the spot futures of France's CAC 40 Index up 0.08%. Asian markets are
mixed with Japan's Nikkei 225 Index down 0.16% and China's Shanghai Composite
Index up 0.66%.
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