DTN Early Word Grains 02/06 05:42
Row Crops, Soybean Meal Start the Week Lower
March corn is down 4 cents, March soybeans are down 8 cents and March KC
wheat is up 2 cents.
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is down 4 cents, March soybeans
are down 8 cents and March KC wheat is up 2 cents.
CME GLOBEX RECAP: Early Monday, stock futures in the U.S. were trading
lower, along with stocks in Europe, still pressured by last week rate hikes in
the U.S., U.K. and Europe. USDA's weekly report of grain export inspections is
due out at 10 a.m. CST Monday. First quarter earnings season gets back underway
with reports from Tyson Foods, Cummins and IDEXX Laboratories due out on Monday.
OUTSIDE MARKETS: 93 at 33,926.01 and the S&P 500 down 43.28 at 4,136.48. The
10-Year Treasury yield jumped up to 3.53%, up from the lowest yield in over
four months. Early Monday, March Dow Jones futures are down 248 points. Asian
markets are mixed with Japan's Nikkei 225 index up 0.67% and China's Shanghai
Composite Index down 0.76%. European markets are lower with the spot futures of
the London FTSE 100 trading down 0.91%, spot futures of Germany's DAX trading
down 1.01% and spot futures of France's CAC Index trading down 1.42%. The March
euro is down $0.0038 at $1.0791. The March U.S. Dollar Index is up 0.43 at
103.18. The March 30-year T-bond is down 22/32nds, while April gold is up $9.30
at $1,885.90 and March crude oil is up $0.13 at $73.52. On China's Dalian
exchange, March corn was down 0.9%, March soybeans were up 0.6%, May soybean
meal was up 1.2% and May soybean oil was up 0.5%. April Malaysian palm oil is
closed Monday for a national holiday.
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