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DTN Early Word Grains 05/21 05:51
Grain Markets Higher as Rebound in Futures Continues on Warmer, Drier
Extended Forecasts
July corn is up 3/4 cent per bushel, July soybeans are up 5 1/4 cents, July
KC wheat is up 3 1/4 cents, July Chicago wheat is up 3 1/2 cents and July
Minneapolis wheat is up 1 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is up 3/4 cent per bushel, July
soybeans are up 5 1/4 cents, July KC wheat is up 3 1/4 cents, July Chicago
wheat is up 3 1/2 cents and July Minneapolis wheat is up 1 3/4 cents.
CME GLOBEX RECAP: Equity markets are mixed after the U.S. broke its six-day
winning streak on Tuesday. The losses in the U.S. market were minor as traders
continue to focus on the progress of negotiations between the U.S. and its
trading partners during the "pause" in reciprocal tariffs with most countries,
and the 90-day pause with China that was announced last week. U.S. markets are
lower overnight, as the various speeches Tuesday from members of the Federal
Reserve indicated a willingness to maintain interest rates at current levels,
as the negotiations on tariffs continue, while the impact of fiscal policy
changes moving through congress also needs to be considered.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 114.83 at 42,677.24 and the S&P 500 down 23.14 at 5,940.46. The
10-Year Treasury yield ended at 4.481%. Early Wednesday, the June Dow Jones
Futures are down 279 points. European markets are mixed with the spot futures
of London's FTSE 100 trading up 0.04%, spot futures of Germany's DAX are
trading down 0.2% and the spot futures of France's CAC 40 Index down 0.55%.
Asian markets are mixed with Japan's Nikkei 225 Index down 0.61% and China's
Shanghai Composite Index up 0.21%.
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