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DTN Early Word Grains 05/16 05:51
Grain Markets Mixed but Mostly Higher on Strong Exports and
Better-Than-Expected NOPA Crush
July corn is up 1 cent per bushel, July soybeans are up 1 3/4 cents, July KC
wheat is down 1/4 cent, July Chicago wheat is down 3/4 cent and July
Minneapolis wheat is up 3/4 cent.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is up 1 cent per bushel, July
soybeans are up 1 3/4 cents, July KC wheat is down 1/4 cent, July Chicago wheat
is down 3/4 cent and July Minneapolis wheat is up 3/4 cent.
CME GLOBEX RECAP: U.S. and European markets are higher while the Asian
markets are trading lower on Friday morning. Thursday's trade saw the U.S.
market post another higher close, with futures now above the levels seen on
"liberation" day when the tariffs were announced and equity markets cratered.
Optimism around the future trade deals and better than expected earnings
reports have helped support the market. Thursday's economic data was also seen
as bullish, as the PPI numbers were much cooler than anticipated, helping to
raise the odds of a Fed interest rate cut at some point in the future.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 271.69 at 42,322.75 and the S&P 500 up 24.35 at 5,916.93. The
10-Year Treasury yield ended at 4.455%. Early Friday, the June Dow Jones
Futures are up 157 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.76%, spot futures of Germany's DAX are trading
up 0.69% and the spot futures of France's CAC 40 Index up 0.73%. Asian markets
are lower with Japan's Nikkei 225 Index down 0% and China's Shanghai Composite
Index down 0.4%.
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