ON FARM GRAIN PICK-UP AVAILBLE

 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Grains         10/02 05:53
   Row-Crop Markets Eye Rain, Freeze Warnings Then Dry Weather

   December corn is down 2 cents per bushel, November soybeans are down 6 1/4
cents, December KC wheat is up 1 1/4 cents, December Chicago wheat is up 4 1/4
cents, and MIAX December Minneapolis wheat is up 0.0350 cents.

Mike McGinnis
DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES:  December corn is down 2 cents per bushel,
November soybeans are down 6 1/4 cents, December KC wheat is up 1 1/4 cents,
December Chicago wheat is up 4 1/4 cents, and MIAX December Minneapolis wheat
is up 0.0350 cents.

   CME GLOBEX RECAP: On Thursday, December corn rose 1 1/2 cents, November
soybeans fell 9 cents, and December KC wheat rose 4 1/2 cents. Soybean and corn
basis was weaker, while spring wheat and hard red winter wheat basis was
stronger Thursday, and soft red winter basis was steady. Overall, row-crop
markets were pressured for most of Thursday amid improving weather forecasts
for the Corn Belt's harvest season next week. Late in the session, a surge of
buying helped corn and wheat finish slightly higher, while soybeans finished
off their daily lows. Concerns remain about the quality of crops deluged by
rain and sitting in wet conditions. While farmers in parts of the Eastern Corn
Belt can get into the fields, harvest in the Western Corn Belt is stalled.
Regarding the war, Turkey and the United Nations are trying to bring Russia and
Ukraine together for a meeting to discuss a Black Sea ceasefire. After Friday's
close, CFTC will wrap up the week with the Commitments of Traders report at
2:30 p.m. CDT.

   OUTSIDE MARKETS: Thursday's close showed the Dow Jones Industrial Average up
20.51 at 50,926.56 and the S&P 500 up 14.91 at 7,666.45. The 10-Year Treasury
yield ended at 5.237%. Early Friday, the December Dow Jones Futures are up 222
points. European markets are higher, with spot futures for London's FTSE 100 up
0.18%, spot futures for Germany's DAX up 0.57%, and spot futures for France's
CAC 40 Index up 0.52%. Asian markets are mixed, with Japan's Nikkei 225 Index
down 0.94% and China's Shanghai Composite Index steady.
DTN offers additional daily information available free through DTN Snapshot – sign up today.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN