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DTN Early Word Grains 12/03 05:44
Grain Markets Higher With Wheat Rebounding From Oversold Conditions
March corn is up 1 1/2 cents per bushel, January soybeans are up 5 1/2
cents, March KC wheat is up 6 cents, March Chicago wheat is up 5 cents and
March Minneapolis wheat is up 6 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is up 1 1/2 cents per bushel,
January soybeans are up 5 1/2 cents, March KC wheat is up 6 cents, March
Chicago wheat is up 5 cents and March Minneapolis wheat is up 6 3/4 cents.
CME GLOBEX RECAP: World equity markets are mostly higher on Tuesday morning,
after a mixed Monday in U.S. equities where the DJIA fell slightly while the
S&P 500 rose modestly and closed at a new lifetime high. The ISM manufacturing
index was released on Monday and was announced at 48.4, up from 46.5 in October
and above the pre-trade estimates of 47.7. This figure shows U.S. manufacturing
is still in contraction, but better than a month ago.
Later Tuesday morning we will see the job openings (JOLT) report and auto
sales.
OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average down 128.65 at 44,782.0 and the S&P 500 up 14.77 at 6,047.15. The
10-Year Treasury yield ended at 4.196%. Early Tuesday, the December Dow Jones
Futures are down 6 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.79%, spot futures of Germany's DAX is trading up
0.4% and the spot futures of France's CAC 40 Index up 0.59%. Asian markets are
higher with Japan's Nikkei 225 Index up 1.91% and China's Shanghai Composite
Index up 0.44%.
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