6:00 a.m. CME Globex: May corn was down 1 cent, May soybeans were down 1 3/4 cents, and May Chicago wheat was down 4 1/4 cents.
CME Globex Recap: Corn, soybeans and wheat were modestly lower early Friday, possibly headed for a calmer day of trading to finish out the week. Most other commodities are mixed early after getting hit with broad-based selling on Thursday.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed down 112.58 points at 21,002.97. The Nasdaq Composite was down 42.81 points at 5,861.22 and the S&P 500 was down 14.04 points at 2,381.92 Thursday. DJIA futures were up 4 points early Friday morning.
Asian markets were lower with Japan’s Nikkei down 95.63 points (-0.5%), Hong Kong’s Hang Seng down 175.35 points (-0.7%), and China’s Shanghai Composite down 11.72 points (-0.4%). European markets were mostly lower Friday with London’s FTSE 100 down 21.65 points (-0.3%), Germany’s DAX down 41.67 points (-0.35%), and France’s CAC 40 up 0.39 points (0.01%).
The U.S. dollar index was down 0.16 at 101.99 while the euro was up 0.00380 at 1.05425. June 30-year T-Bonds were up 5/32nds at 149’08 while April gold was down $3.80 at $1,229.10. April crude oil was up $0.18 at $52.79 while Brent crude was up $0.22 at $55.30. Soybeans at the Dalian Exchange are lower overnight and Malaysian palm oil futures were slightly higher.