DTN Early Word Grains 06/30 05:51
Row Crop Prices Lower Ahead of Thursday's Key USDA Reports
December corn was down 5 1/2 cents, November soybeans were down 5 1/2 cents
and September KC wheat was up 4 cents.
DTN Lead Analyst
PRE-6 a.m. GLOBEX PRICES: December corn was down 5 1/2 cents, November
soybeans were down 5 1/2 cents and September KC wheat was up 4 cents.
CME GLOBEX RECAP: Early Thursday, U.S. stocks on the Dow Jones Industrials
are trading lower, in line with European stocks and the same bearish culprits
of rising prices and the anticipation of higher interest rates are being cited
as the second quarter of 2022 comes to a close. USDA's weekly report of export
sales is due out at 7:30 a.m. CDT, along with weekly U.S. jobless claims,
reports on U.S. personal incomes and consumer spending and an update of the
U.S. Drought Monitor. USDA's Acreage and June 1 Grain Stocks reports are due
out at 11 a.m.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 82.32 at 31,029.31 and the S&P 500 down 2.72 at 3,818.83 as the
10-Year Treasury yield ended at 3.09%, down from the highest level in three and
a half years. Early Thursday, June Dow Jones futures are trading down 318
points. Asian markets are mixed with Japan's Nikkei 225 index down 1.54% and
China's Shanghai Composite Index up 1.10%. European markets are lower with the
spot futures of the London FTSE 100 trading down 1.59%, spot futures of
Germany's DAX trading down 2.27% and spot futures of France's CAC Index trading
down 2.16%. The September euro is down $0.0007 at $1.0495. The September U.S.
Dollar Index is up 0.05 at 104.90. The September 30-year T-bond is up 8/32nds,
while August gold is down $1.30 at $1,816.20 and August crude oil is down $0.04
at $109.74. On China's Dalian exchange, September corn was down 0.7%, September
soybeans were down 0.0%, September soybean meal was up 0.4% and September
soybean oil was down 0.5%. September Malaysian palm oil is trading up 0.7%.
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