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DTN Early Word Grains 05/16 05:48
Grain Markets Mixed Thursday Morning With Wheat Markets Providing Support
July corn is up 1 3/4 cents per bushel, July soybeans are down 1 cent, July
KC wheat is up 14 1/2 cents, July Chicago wheat is up 13 1/2 cents and July
Minneapolis wheat is up 10 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is up 1 3/4 cents per bushel,
July soybeans are down 1 cent, July KC wheat is up 14 1/2 cents, July Chicago
wheat is up 13 1/2 cents and July Minneapolis wheat is up 10 3/4 cents.
CME GLOBEX RECAP: World equity markets are mixed Thursday morning, as Asian
markets are higher, catching up to Wednesday's strength in U.S. equities while
Europe is lower in response to an assassination attempt on the leader of
Slovakia. Wednesday's CPI report was considered bullish as inflation indicators
moderated in April from levels seen in March. All three major stock indexes
closed at new record highs.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average up 349.89 at 39,908.0 and the S&P 500 up 61.47 at 5,308.15, The 10-Year
Treasury yield ended at 46.43%. Early Thursday, the June Dow Jones Futures are
up 18 points. European markets are lower with the spot futures of London's FTSE
100 trading down 0.04%, spot futures of Germany's DAX is trading down 0.39% and
the spot futures of France's CAC 40 Index down 0.61%. Asian markets are higher
with Japan's Nikkei 225 Index up 1.39% and China's Shanghai Composite Index up
0.08%.
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