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DTN Early Word Grains 12/10 05:47
Grain Markets Mixed, Trading Quietly Ahead of USDA Supply/Demand Report
March corn is down 1/4 cent per bushel, January soybeans are up 2 3/4 cents,
March KC wheat is down 3 cents, March Chicago wheat is down 2 1/4 cents and
March Minneapolis wheat is down 2 1/2 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is down 1/4 cent per bushel,
January soybeans are up 2 3/4 cents, March KC wheat is down 3 cents, March
Chicago wheat is down 2 1/4 cents and March Minneapolis wheat is down 2 1/2
cents.
CME GLOBEX RECAP: World equity markets are mostly lower after a lower
session in the U.S. where recent gains were consolidated as traders weigh
recent data against the impact of future policy from the new administration.
The only major data point on Monday was the wholesale inventories which were in
line with trade estimates. The important reports this week will be on Wednesday
when the CPI data and the monthly Federal budget estimates will be released.
The CPI and PPI on Thursday will be the last important inflation data points
before the next Federal reserve meeting that will be held next week.
OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average down 240.59 at 44,401.93 and the S&P 500 down 37.42 at 6,052.85. The
10-Year Treasury yield ended at 4.199%. Early Tuesday, the December Dow Jones
Futures are up 6 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.63%, spot futures of Germany's DAX is trading
down 0.06% and the spot futures of France's CAC 40 Index down 0.59%. Asian
markets are higher with Japan's Nikkei 225 Index up 0.53% and China's Shanghai
Composite Index up 0.59%.
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