DTN Early Word Grains 03/24 05:41
The Slide in Soybean Prices Continues Friday Morning
May corn is down 1 cent, May soybeans are down 12 cents and May KC wheat is
up 4 cents.
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: May corn is down 1 cent, May soybeans are
down 12 cents and May KC wheat is up 4 cents.
CME GLOBEX RECAP: Early Friday, U.S. stock futures are trading lower, along
with stock prices in Europe and Asia. This anticipation of another rate hike in
May after this week's quarter-percent rise continues to weigh on market
concerns, along with shakiness in the financial sector. A report on February
U.S. durable goods orders will be out at 7:30 a.m. CDT Friday and traders will
be interested to see if USDA has another corn export sale to report after
announcing seven corn sales to China in ten days.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 75.14 at 32,105.25 and the S&P 500 Index up 11.75 at 3,948.72. The
10-Year Treasury yield ended at 3.41%. Early Friday, June Dow Jones futures are
down 252 points. European markets are lower with the spot futures of the London
FTSE 100 trading down 1.28%, spot futures of Germany's DAX trading down 1.07%
and spot futures of France's CAC Index trading down 1.03%. Asian markets are
also lower with Japan's Nikkei 225 index down 0.13% and China's Shanghai
Composite Index down 0.64%.
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