850 N 4TH AVE. * WALLA WALLA, WA 99362 Walla Walla Office (509) 525-6510 Dayton Office (509) 382-2571 St. John Office (509) 648-3316 FAX (509) 529-6050 Office Hours: 7:30am to 12:00pm and 1:00pm to 4:30pm
DTN Early Word Grains 10/22 06:33
Mixed Trade to Start a Heavy Harvest Week
December corn was down 1/4 cent, November soybeans were up 3/4 cent, and
December KC wheat was down 3 1/4 cents.
DTN Contributing Analyst
Pre-5:00 a.m. CME Globex: December corn was down 1/4 cent, November soybeans
were up 3/4 cent, and December KC wheat was down 3 1/4 cent.
CME Globex Recap: Global equity markets were strong overnight, led by China,
which is staring at one of its largest single-day advances in three years.
Officials at several Chinese entities moved to reassure investors over the
weekend with supportive comments about the Chinese economy. Monday is the third
day in a row of trade below $70.00/barrel in WTI crude. Grain trade is mixed as
markets mostly pick up where they left off last week. This week should see big
advances made in harvest progress before forecasts turn wetter next weekend.
OUTSIDE MARKETS: Previous closes on Friday showed the Dow Jones Industrial
Average up 64.89 points at 25,444.34 and the S&P 500 down 1.00 points at
2,767.78 while the 10-year Treasury yield ended at 3.19%. Early Monday, DJIA
futures up 45.00. Asian markets were mixed with Japan's Nikkei 225 up 82.74
points (-0.37%) and China's Shanghai Composite was up 104.41 points (4.09%).
European markets are higher with London's FTSE 100 up 31.01 points (0.44%),
Germany's DAX up 76.86 points (0.67%), and France's CAC 40 up 20.86 points
(0.41%). The euro was unchanged at 1.15360 and the U.S. dollar index was up
0.0840 at 95.7260. September 30-year T-Bonds were up 3/32nds while December
gold was down $2.90 at $1225.80 and November crude oil was up 0.35 at $69.47.
Soybeans on China's Dalian Exchange closed down 0.81% and soymeal closed down
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.