Market News

DTN Early Word Grains 04/23 05:48

04/23/2024


DTN Early Word Grains 04/23 05:48
Grain Markets Higher on Weather, Technical Factors

May corn is up 3/4 cent per bushel, July soybeans are up 1 cent, July KC
wheat is up 7 1/2 cents, July Chicago wheat is up 7 3/4 cents and July
Minneapolis wheat is up 8 3/4 cents.

Kent Beadle, DTN Contributing Analyst

EARLY MORNING GLOBEX NET CHANGES: May corn is up 3/4 cent per bushel, July
soybeans are up 1 cent, July KC wheat is up 7 1/2 cents, July Chicago wheat is
up 7 3/4 cents and July Minneapolis wheat is up 8 3/4 cents.

CME GLOBEX RECAP: World equity markets are mostly higher again Tuesday
morning, as markets on Monday rebounded due to lower interest rates. With no
further escalation in the Middle East this past weekend, energy prices relaxed,
which takes away one of the inflationary factors that have traders worried. The
recent rally in interest rates has mostly priced steady rates from the Fed
through their June meeting, pending the new data that will be released over the
next month and a half.

Tuesday morning the market will digest new home sales numbers and the flash
PMI's in services and manufacturing.

OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial
Average up 253.58 at 38,239.98 and the S&P 500 up 43.37 at 5,010.60, The
10-Year Treasury yield ended at 4.62%. Early Tuesday, the June Dow Jones
Futures are up 72 points. European markets are higher with the spot futures of
London's FTSE 100 trading up 0.42%, spot futures of Germany's DAX is trading up
0.92% and the spot futures of France's CAC 40 Index up 0.68%. Asian markets are
mixed with Japan's Nikkei 225 Index up 0.3% and China's Shanghai Composite
Index down 0.74%.