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DTN Early Word Grains 03/27 05:51
Grain Markets Mixed After Poor Technical Close in Corn on Wednesday
May corn is up 1 1/4 cents per bushel, May soybeans are up 3 1/4 cents, May
KC wheat is up 1 cent, May Chicago wheat is down 1/4 cent and May Minneapolis
wheat is up 3 1/2 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: May corn is up 1 1/4 cents per bushel, May
soybeans are up 3 1/4 cents, May KC wheat is up 1 cent, May Chicago wheat is
down 1/4 cent and May Minneapolis wheat is up 3 1/2 cents.
CME GLOBEX RECAP: World equity markets are mixed but mostly lower with the
major news being President Trump's intention to implement 25% tariffs on all
automobile imports into the U.S. "permanently". This has sparked promises of
retaliation by U.S. trading partners, and it injects more uncertainty into a
market that is already quite uncertain about the path forward for world trade.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 132.71 at 42,454.79 and the S&P 500 down 64.45 at 5,712.20. The
10-Year Treasury yield ended at 4.338%. Early Thursday, the June Dow Jones
Futures are up 83 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.53%, spot futures of Germany's DAX is trading
down 0.55% and the spot futures of France's CAC 40 Index down 0.21%. Asian
markets are mixed with Japan's Nikkei 225 Index down 0.6% and China's Shanghai
Composite Index up 0.15%.
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