Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Grains         04/01 05:55
   Grains Weaker Post-USDA

   May corn is down 1 1/2 cents per bushel, May soybeans are down 10 1/4 cents,
and May KC wheat is down 4 3/4 cents.

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   May corn is down 1 1/2 cents per bushel, May soybeans
are down 10 1/4 cents, and May KC wheat is down 4 3/4 cents.

CME Globex Recap:   Global equities are weaker around the globe with investors
seemingly spooked after President Trump warned Americans to prepare for a
"very, very painful two weeks" with regard to the coronavirus. President Trump
told reporters in his daily press briefing there could be between 100,000 and
240,000 deaths even if Americans followed strict social distancing guidelines
through the end of April. A swift economic recovery looks fleeting which should
keep energy prices depressed for the foreseeable future. Grains are weaker
across the board, relinquishing gains posted on Tuesday following somewhat
supportive USDA data. Traders seem to realize the world has changed since most
of the USDA data presented was collected and prepared. Planting weather will
take on added importance in the U.S. with the calendar flipping to April while
finishing weather in South American is still a focus.

OUTSIDE MARKETS:   Previous closes on Tuesday showed the Dow Jones Industrial
Average down 410.32 at 21,917.16 and the S&P 500 down 42.06 at 2,626.65 while
the 10-Year Treasury yield ended at 0.698%. Early Wednesday, the June DJIA
futures are down 619 points. Asian markets are lower with Japan's Nikkei 225
down 851.6 (-4.5%) and China's Shanghai Composite down 15.77 points (-0.57%).
European markets are lower with London's FTSE 100 down 199.92 points (-3.52%),
Germany's DAX down 303.94 points (-3.06%) and France's CAC 40 down 150.95
points (-3.43%). The June Euro is down 0.008 at 1.100 and the June U.S. dollar
index is up 0.653 at 99.745. The June 30-Year T-Bond is up 77/32nds, while June
gold is up $11.90 at $1,608.50 and May crude oil is up $0.11 at $20.59.
Soybeans on China's Dalian Exchange were down 1.52% while soybean meal was down
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN