DTN Grain Open: Mostly Red Monday

    Photo: Andrew Sawyer, University of Georgia

    6:00 a.m. CME Globex: July corn was 1 cent lower, July soybeans were 3 cents higher, and July Kansas City (HRW) wheat was 3 cents lower.

    CME Globex Recap: Grains were lower early Monday as corn and wheat were pressured by follow-through selling from last week overnight. The Kansas City (HRW) wheat market was near session lows to start the day. On the other hand, soybeans were higher after trading either side of unchanged. Energies were also mostly lower, as were metals. The U.S. dollar index was down again while DJIA futures continued to rally.

    OUTSIDE MARKETS: The Dow Jones Industrial Average closed 91.64 points (0.4%) higher at 24,831.17, the NASDAQ Composite slipped 2.09 points lower to 7,402.88, and the S&P 500 added 4.65 points (0.2%) to 2,727.72 Friday. DJIA futures were 90 points higher early Monday morning.

    Asian markets closed mostly higher with Japan’s Nikkei 225 up 107.38 points (0.5%), Hong Kong’s Hang Seng gaining 419.02 points (1.4%), and China’s Shanghai Composite adding 10.77 points (0.3%). European markets were trading mostly lower with London’s FTSE 100 down 5.20 points, Germany’s DAX off 21.18 points (0.2%), and France’s CAC 40 down 8.44 points (0.2%).

    The euro was 0.0032 higher at 1.1973 as the U.S. dollar index lost 0.16 to 92.39. June 30-year T-Bonds were 12/32 lower at 142’24 while June gold dropped $0.60 to $1,320.10. Crude oil was $0.19 lower at $70.51 while Brent crude dipped $0.18 to $76.94. China’s Dalian soybean futures were lower and Malaysian palm oil futures were higher overnight.

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