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DTN Early Word Grains 11/08 05:57
Grain Markets Mixed Ahead of USDA November Supply, Demand Report
December corn is up 1/4 cent per bushel, January soybeans are down 5 1/4
cents, December KC wheat is down 4 1/2 cents, December Chicago wheat is down 2
1/4 cents and December Minneapolis wheat is down 5 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel,
January soybeans are down 5 1/4 cents, December KC wheat is down 4 1/2 cents,
December Chicago wheat is down 2 1/4 cents and December Minneapolis wheat is
down 5 cents.
CME GLOBEX RECAP: World equity markets are mostly lower after the strong
rally that occurred after the U.S. election. There was some volatility Thursday
around the announcement of the 1/4-point rate cut by the Fed. Stocks were lower
after the announcement was made, but Chairman Jerome Powell was mostly dovish
in his comments about future rate cuts, and the market recovered to close
slightly higher.
OUTSIDE MARKETS: Previous close Thursday showed the Dow Jones Industrial
Average down 0.59 at 43,729.34 and the S&P 500 up 44.06 at 5,973.10, The
10-Year Treasury yield ended at 4.341%. Early Friday, the December Dow Jones
Futures are down 10 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 1.02%, spot futures of Germany's DAX is trading
down 1.01% and the spot futures of France's CAC 40 Index down 0.99%. Asian
markets are mixed with Japan's Nikkei 225 Index up 0.3% and China's Shanghai
Composite Index down 0.53%.
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