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DTN Early Word Grains 12/06 05:49
Grain Markets Quiet, Mixed After Strong Session Thursday
March corn is up 1/4 cent per bushel, January soybeans are down 1/2 cent,
March KC wheat is down 1 3/4 cents, March Chicago wheat is down 2 cents and
March Minneapolis wheat is down 3 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: March corn is up 1/4 cent per bushel,
January soybeans are down 1/2 cent, March KC wheat is down 1 3/4 cents, March
Chicago wheat is down 2 cents and March Minneapolis wheat is down 3 3/4 cents.
CME GLOBEX RECAP: World equity markets are mixed after a profit taking
session on Thursday in the U.S. With the closes on Wednesday at new record
highs for both the S&P and the DJIA, traders took a breather on Thursday ahead
of the very important employment report that will be released Friday morning at
7:30 a.m. CST. That report is expected to show job growth of 214,000 jobs and a
slightly higher unemployment rate at 4.2%. A report with data much better than
that could keep the Fed from lowering rates at their meeting later this month.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average down 248.33 at 44,765.71 and the S&P 500 down 11.38 at 6,075.11. The
10-Year Treasury yield ended at 4.18%. Early Friday, the December Dow Jones
Futures are down 51 points. European markets are mixed with the spot futures of
London's FTSE 100 trading down 0.03%, spot futures of Germany's DAX is trading
up 0.19% and the spot futures of France's CAC 40 Index up 1.27%. Asian markets
are mixed with Japan's Nikkei 225 Index down 0.77% and China's Shanghai
Composite Index up 1.05%.
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