DTN Early Word Grains 08/12 05:55
Grains Quietly Mixed Early on Report Day
December corn is up 1/2 cent, November soybeans are unchanged and September
KC wheat is down 2 1/4 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: December corn is up 1/2 cent, November soybeans
are unchanged and September KC wheat is down 2 1/4 cents.
CME Globex Recap: Dow Jones futures are trading higher early Wednesday,
possibly encouraged by a gradual decline in new U.S. coronavirus cases since
July 24 and talk that the White House and Democrats may be ready for more
negotiation on a relief bill. Also, the Wall Street Journal reported the U.S.
will pay Moderna Inc. over $1.5 billion for 100 million doses of coronavirus
vaccine. The September U.S. Dollar Index and gold are both a little lower,
while September crude oil is trading higher. Grains are quietly mixed ahead of
Wednesday's WASDE report.
OUTSIDE MARKETS: Previous closes on Tuesday showed the Dow Jones Industrial
Average down 104.53 at 27,686.91 and the S&P 500 down 26.78 at 3,333.69 while
the 10-Year Treasury yield ended at 0.66%. Early Wednesday, September Dow Jones
futures are up 292 points. Asian markets are mixed with Japan's Nikkei 225 up
93.72 points (0.4%) and China's Shanghai Composite down 21.02 points (-0.6%).
European markets are mixed with London's FTSE 100 up 44.92 points (0.7%),
Germany's DAX down 24.25 points (-0.2%) and France's CAC 40 up 8.84 points
(0.2%). The September euro is up $.0015 at $1.1769. The September U.S. Dollar
Index is down .05 at 93.56. The September 30-year T-bond is down 7/32, while
December gold is down $6.60 at $1,939.70 and September crude oil is up $0.62 at
$42.23. Soybeans and meal are lower on China's Dalian Exchange Wednesday.
October palm oil is trading up 1.1% and down from its highest prices in five
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