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DTN Early Word Grains 11/13 05:49
Grain Markets Mixed Wednesday Amid a Correction of Recent Gains
December corn is up 1/4 cent per bushel, January soybeans are up 1/4 cent,
December KC wheat is down 2 1/2 cents, December Chicago wheat is down 3 3/4
cents and December Minneapolis wheat is down 1 cent.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is up 1/4 cent per bushel,
January soybeans are up 1/4 cent, December KC wheat is down 2 1/2 cents,
December Chicago wheat is down 3 3/4 cents and December Minneapolis wheat is
down 1 cent.
CME GLOBEX RECAP: World equity markets are mixed after Tuesday's selloff in
U.S. equities as markets have shifted concerns back to China and the potential
impact of the Trump administration's stated goal to increase tariffs on all
imports into the United States. Traders will be watching closely release of the
CPI data a little later Wednesday morning, for clues as to the direction of the
economy and the next move from the Federal Reserve.
OUTSIDE MARKETS: Previous close Tuesday showed the Dow Jones Industrial
Average down 382.15 at 43,910.98 and the S&P 500 down 17.36 at 5,983.99, The
10-Year Treasury yield ended at 4.432%. Early Wednesday, the December Dow Jones
Futures are down 105 points. European markets are higher with the spot futures
of London's FTSE 100 trading up 0.11%, spot futures of Germany's DAX trading up
0.11% and the spot futures of France's CAC 40 Index up 0.13%. Asian markets are
mixed with Japan's Nikkei 225 Index down 1.66% and China's Shanghai Composite
Index up 0.51%.
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