DTN Early Word Grains 05/31 05:40
Crop Prices Remain Under Bearish Pressure Early Wednesday
December corn is down 8 cents, November soybeans are down 13 cents and July
KC wheat is down 12 cents.
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is down 8 cents, November
soybeans are down 13 cents and July KC wheat is down 12 cents.
CME GLOBEX RECAP: Early Wednesday, U.S. stock futures are trading lower, in
line with lower stocks in Europe and Asia. Traders are waiting to see if
Congress will approve a higher debt ceiling with a vote in the House expected
Wednesday evening. The Federal Reserve's Beige Book will be released at 1 p.m.
CDT, possibly holding clues on interest rates ahead of the Fed's June 14 rate
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average down 50.56 at 33,042.78 and the S&P 500 Index up 0.07 at 4,205.52. The
10-Year Treasury yield ended at 3.70%. Early Wednesday, June Dow Jones futures
are down 75 points. European markets are lower with the spot futures of the
London FTSE 100 trading down 0.17%, spot futures of Germany's DAX trading down
0.28% and spot futures of France's CAC Index trading down 0.40%. Asian markets
are also lower with Japan's Nikkei 225 index down 1.41% and China's Shanghai
Composite Index down 0.61%.
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