6:00 a.m. CME Globex: March corn was 1 cent higher, March soybeans were 8 cents higher, and July Kansas City wheat was 2 cents higher.
CME Globex Recap: Nobody wants to be seen wearing Atlanta Falcon red after Sunday night, meaning markets across most sectors are all higher early Monday morning. Buying started in Chicago soybeans, and solidified as global oilseed markets traded higher. Corn and wheat slowly erased initial losses, as did both the U.S. dollar index and DJIA futures. Metals and energies also participated, both sectors showing gains to start the week.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 186.55 points (0.9%) higher at 20,071.46. The NASDAQ Composite gained 30.57 points (0.5%) to 5,666.77 and the S&P 500 added 16.57 points (0.7%) to 2,297.42 Friday. DJIA futures were 16 points higher early Monday morning.
Asian markets were higher with Japan’s Nikkei up 58.51 points (0.3%), Hong Kong’s Hang Seng gained 219.03 points (1.0%), and China’s Shanghai Composite rallied 16.81 points (0.5%). European markets were mostly higher Monday with London’s FTSE 100 up 18.76 points (0.3%), Germany’s DAX adding 4.57 points, and France’s CAC 40 gaining 12.52 points (0.3%).
The U.S. dollar index was 0.213 higher at 99.945 while the euro lost 0.0040 to 1.0745. March 30-year T-Bonds gained 27/32 to 150’28 while April gold rallied $7.00 to $1,227.80. Crude oil added $0.11 to $53.94 while Brent crude gained $0.01 to $56.82. Dalian soybean futures and Malaysian palm oil futures were both higher overnight.