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DTN Early Word Grains 09/03 07:19
Grains Mostly Higher at 7:15 a.m. CDT
Corn futures are expected to open steady to 2 lower as of 7:15 a.m. CDT;
soybeans 5 to 7 higher; wheat 5 to 8 higher.
By Darin Newsom
DTN Senior Analyst
General Opening Call at 7:15 a.m. CDT: Corn steady to 2 lower, Soybeans 5 to 7
higher, Wheat 5 to 8 higher.
7:15 AM e-CBOT: Corn 1 1/2 lower (December), Soybeans 6 higher (November),
Wheat 8 higher (Chicago December).
GENERAL OPENING CALL at 6 a.m. CDT: Corn steady to 1 higher, Soybeans 7 to 9
higher, Wheat 8 to 10 higher.
6:00 AM e-CBOT Corn 1/4 higher (December), Soybeans 8 1/2 higher (November),
Wheat 8 3/4 higher (Chicago December). Grains were able to push higher again
during the overnight session on follow-through buying from Thursday. Outside
markets were mixed, though early Friday saw the DJIA futures posing modest
gains while the U.S. dollar index backed away from its session high.
OUTSIDE MARKETS The Dow Jones Industrial Average closed 50.63 points higher
Thursday at 10,320.10. The overnight session saw the Dow Jones futures trade 4
points higher, indicating the market could see continued buying interest
Friday. Asian markets were mostly higher with the Nikkei up 51.29 points at
9,114.13. European markets were also mostly higher. The overnight crude oil
market was $.20 lower at $74.82. Brent crude was $.30 lower at $76.63. The
December gold contract was $1.70 higher at $1,255.10 while the U.S. dollar
index is 0.036 lower at 82.369. Soybeans at the Chinese Dalian Commodity
Exchange were higher while the Malaysian palm oil market was also higher.
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