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DTN Early Word Grains 04/25 05:45

4/25/2019 - 09:20:00

DTN Early Word Grains         04/25 05:45
   Markets Start Out Quiet Early Thursday

   July corn is down 1 1/2 cents, July soybeans are up 3 cents and July KC
wheat is down 1/2 cent.

By Todd Hultman
DTN Lead Analyst

6:00 a.m. CME Globex:   July corn is down 1 1/2 cents, July soybeans are up 3
cents and July KC wheat is down 1/2 cent. .

CME Globex Recap:   Prices are quiet overnight with outside commodities leaning
higher early Thursday. Trade uncertainty with major ag markets remains a
bearish concern for grain prices while the U.S. dollar index is trading at its
highest prices in nearly two years.

OUTSIDE MARKETS:   Previous closes on Wednesday showed the Dow Jones Industrial
Average down 59.34 at 26,597.05 and the S&P 500 down 6.43 at 2,927.25, while
the 10-yr Treasury yield ended at 2.52%. Early Thursday, DJIA futures are down
17 points. Asian markets are mixed with Japan's Nikkei 225 up 107.58 (0.5%) and
China's Shanghai Composite down 77.79 points (-2.4%). European markets are
lower with London's FTSE 100 down 31.89 points (-0.4%), Germany's DAX down
12.74 points (-0.10%), and France's CAC 40 down 11.55 points (-0.2%). The June
euro is unchanged at $1.119 and the June U.S. dollar index is up 0.040 at
97.895. The June 30-year T-Bond is down 4/32nds, while June gold is up $0.20 at
$1,279.60 and June crude oil is up $0.20 at $66.10. Soybeans and meal on
China's Dalian Exchange were both slightly lower.