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DTN Early Word Grains 09/13 05:49
Wheat Leads Crop Prices Higher Early Friday
December corn was up 4 cents, November soybeans were up 3 cents, and
December KC wheat was up 8 cents.
Todd Hultman
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn was up 4 cents, November
soybeans were up 3 cents, and December KC wheat was up 8 cents.
CME GLOBEX RECAP: The University of Michigan's consumer sentiment index for
early September is due out at 9 a.m. CDT Friday. Grain traders will continue to
watch the latest forecasts, especially for South America and the Black Sea
region. Here in the U.S., Hurricane Francine is weakening as rain is dispersed
throughout the southeastern U.S.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 235.06 at 41,096.77 and the S&P 500 Index up 41.63 at 5,595.76. The
10-Year Treasury yield ended at 3.68%. Early Friday, September Dow Jones
futures are up 70 points. European markets are mostly higher with the spot
futures of the London FTSE 100 trading up 0.02%, spot futures of Germany's DAX
trading up 0.51% and spot futures of France's CAC Index trading up 0.31%. Asian
markets are lower with Japan's Nikkei 225 index down 0.68% and China's Shanghai
Composite Index down 0.48%.
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