DTN Early Word Grains 07/20 06:01
Row Crops Mixed, More Tariffs Coming?
December corn was up 1 1/4 cents, November soybeans were down 1 1/2 cents,
and September Kansas City (HRW) wheat was up 5 1/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: December corn was up 1 1/4 cents, November soybeans
were down 1 1/2 cents, and September Kansas City (HRW) wheat was up 5 1/4
CME Globex Recap: With the exception of a two percent gain in the Shanghai
Composite Index, most major stock markets are mixed early Friday as CNBC
reported President Trump is ready to enact tariffs against all $505 billion of
goods from China. The U.S. dollar is slightly lower and Dow Jones futures are
getting ready to open lower, trading down 100 points early. Outside commodities
OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial
Average down 134.79 points at 25,064.50 and the S&P 500 down 11.13 points at
2,804.49 while the 10-year Treasury yield ended at 2.85%. Early Friday, DJIA
futures were down 100 points. Asian markets are mixed with Japan's Nikkei 225
down 66.80 (-0.3%) and China's Shanghai Composite up 56.73 (+2.0%). European
markets are also mixed with London's FTSE 100 up 17.09 points (0.2%), Germany's
DAX down 5.064 points (-0.04%), and France's CAC 40 down 8.14 points (-0.1%).
The euro was up .0011 and the U.S. dollar index was down 0.07 at 95.09.
September 30-year T-Bonds were down 5/32nds while August gold was up $1.40 at
$1,225.40 and August crude oil was up $0.99 at $70.45. Soybeans on China's
Dalian Exchange were steady to higher and Malaysian palm oil futures were
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