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DTN Early Word Grains 05/14 05:46
Grain Markets Mixed Tuesday morning with Potential Chinese Retaliation to
New Biden Tariffs Weighing on Soybeans
July corn is up 2 1/4 cents per bushel, July soybeans are down 6 1/4 cents,
July KC wheat is down 3/4 cent, July Chicago wheat is down 2 cents and July
Minneapolis wheat is down 1/4 cent.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is up 2 1/4 cents per bushel,
July soybeans are down 6 1/4 cents, July KC wheat is down 3/4 cent, July
Chicago wheat is down 2 cents and July Minneapolis wheat is down 1/4 cent.
CME GLOBEX RECAP: World equity markets are mixed this morning, with the U.S.
markets quietly higher. Monday's session saw some profit taking of recent gains
with a lot of economic news coming this week.
Tuesday, we will get the Producer Price Index (PPI) and core PPI data which
many traders will look at closely to see if it implies the next move from the
Federal Reserve. Traders seem nervous that this data could come in a little
hotter than expected.
OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average down 81.33 at 39,431.51 and the S&P 500 down 1.26 at 5,221.42, The
10-Year Treasury yield ended at 4.748%. Early Tuesday, the June Dow Jones
Futures are up 8 points. European markets are mixed with the spot futures of
London's FTSE 100 trading up 0.1%, spot futures of Germany's DAX is trading
down 0.18% and the spot futures of France's CAC 40 Index down 0.09%. Asian
markets are mixed with Japan's Nikkei 225 Index up 0.46% and China's Shanghai
Composite Index down 0.07%.
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