DTN News

DTN Early Word Grains 10/20 06:02

DTN Early Word Grains         10/20 06:02
   Another Friday Morning

   December corn was fractionally lower, November soybeans were 3 cents higher,
and December Chicago (SRW) wheat was 1 cent higher.

By Darin Newsom
DTN Senior Analyst

6:00 a.m. CME Globex:   December corn was fractionally lower, November soybeans
were 3 cents higher, and December Chicago (SRW) wheat was 1 cent higher.

CME Globex Recap:   Once again, the grain and oilseed complex was quiet
overnight, with another early Friday morning finding markets mostly higher.
Only corn was in the red, fractionally, on continued low interest. Other
commodity sectors were mixed with softs higher, energies lower (except for
natural gas), and metals mostly lower. The U.S. dollar index was higher again
after taking a day off, and DJIA futures posted another strong overnight rally.

OUTSIDE MARKETS:   The Dow Jones Industrial Average closed 5.44 points higher
at 23,163.04, the NASDAQ Composite lost 19.15 points (0.3%) to 6,605.07, and
the S&P 500 gained 0.84 point to 2,562.10 Thursday. DJIA futures were 82 points
higher early Friday morning. Asian markets closed mostly higher with Japan's
Nikkei up 9.12 points, Hong Kong's Hang Seng rallying 328.15 points (1.2%), and
China's Shanghai Composite gaining 8.48 points (0.3%). European markets were
trading mostly higher with London's FTSE 100 up 24.12 points (0.3%), Germany's
DAX gaining 43.16 points (0.3%), and France's CAC 40 adding 11.88 points
(0.2%). The euro was 0.0045 lower at 1.1807 while the U.S. dollar index gained
0.33 to 93.48. December 30-year T-Bonds were 1 4/32 lower at 152'13 while
December gold fell $8.00 to $1,282.00. Crude oil was $0.51 lower at $50.78
while Brent crude lost $0.44 to $56.79. China's Dalian soybean and Malaysian
palm oil futures were both higher overnight.
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