DTN Early Word Grains 06/20 06:01
Investors Return After Bearish Tuesday
July corn was up 1 3/4 cents, July soybeans were up 3 3/4 cents, and July
Kansas City (HRW) wheat was up 6 3/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: July corn was up 1 3/4 cents, July soybeans were up 3
3/4 cents, and July Kansas City (HRW) wheat was up 6 3/4 cents.
CME Globex Recap: One day after news of new U.S. tariffs left most stock
markets and commodities lower, investors have returned, putting modest plus
signs back in front of Tuesday's losses.
OUTSIDE MARKETS: Tuesday's trading saw the Dow Jones Industrial Average drop
287.26 points to 24,700.21 while the S&P 500 was down 11.16 points to 2,762.59
and the 10-year Treasury yield ended at 2.89%. Early Wednesday, DJIA futures
were up 120 points. Asian markets were higher with Japan's Nikkei 225 up 276.95
points (1.2%) and China's Shanghai Composite up 7.91 (0.3%). European markets
were also higher with London's FTSE 100 up 98.43 points (1.3%), Germany's DAX
up 47.01 points (0.4%), and France's CAC 40 down 15.68 points (0.3%). The euro
was down 0.0007 and the U.S. dollar index was up 0.10 to 95.11. June 30-year
T-Bonds were unchanged while August gold was down $3.90 to $1,274.70 and August
crude oil was up $0.38 at $65.28. Soybeans on China's Dalian Exchange were
steady to lower and Malaysian palm oil futures were down 0.1%.
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