DTN Early Word Grains 03/31 05:57
Grains Mostly Lower Early Tuesday
May corn was unchanged, May soybeans were 4 cents lower, and May Chicago
wheat was 4 cents lower.
By Darin Newsom
DTN Senior Analyst
6:00 a.m. CME Globex: May corn was unchanged, May soybeans were 4 cents
lower, and May Chicago wheat was 4 cents lower.
CME Globex Recap: Wheat contracts were giving back some of Monday's sharp
rally early Tuesday morning as the U.S. dollar index continues to extend its
recent gains. Soybeans were also lower, pressure by a continued lack of new
commercial buying interest. Corn was holding near unchanged early Tuesday after
posting another quiet overnight session.
OUTSIDE MARKETS: The Dow Jones Industrial Average closed 263.65 points higher
Monday at 17,976.31. Dow Jones futures were 234 points higher early Tuesday.
Asian markets were mostly higher though the Nikkei was down 204.41 points at
19,206.99. European markets were mostly lower. The overnight crude oil market
was $1.05 lower at $47.63 while Brent crude was $1.17 lower at $55.12. The June
gold contract was $3.80 lower at $1,181.50 while the U.S. dollar index was
0.502 higher at 98.477. Soybeans at the Dalian Exchange were higher while
Malaysian palm oil contracts were lower.
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