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DTN Early Word Grains 04/25 05:47
A stalled front and a system approaching from the West will increase showers
and thunderstorms across the Plains on Thursday. Severe weather will be a risk
from Nebraska southward with all hazards on the table. Background winds will
likely be breezy as we
July corn is down 3/4 cent per bushel, July soybeans are down 7 1/4 cents,
July KC wheat is down 2 cents, July Chicago wheat is steady and July
Minneapolis wheat is up 3 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: July corn is down 3/4 cent per bushel,
July soybeans are down 7 1/4 cents, July KC wheat is down 2 cents, July Chicago
wheat is steady and July Minneapolis wheat is up 3 cents.
CME GLOBEX RECAP: World equity markets are mixed, but U.S. traders are
bracing for a sharply lower open in the tech-heavy NASDAQ as Meta reported
earnings Wednesday and outlined an aggressive spending program on AI. This
spending has Meta shares down over $60/share and this is spilling over to other
tech shares Thursday morning. Wednesday's durable goods report was in line with
expectations. Thursday morning, we will get initial jobless claims,
inventories, and the GDP read for the 1st quarter of 2024.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 42.77 at 38,460.92 and the S&P 500 up 1.08 at 5,071.63, The
10-Year Treasury yield ended at 4.65%. Early Thursday, the June Dow Jones
Futures are down 150 points. European markets are mixed with the spot futures
of London's FTSE 100 trading up 0.61%, spot futures of Germany's DAX is trading
down 0.5% and the spot futures of France's CAC 40 Index down 0.66%. Asian
markets are mixed with Japan's Nikkei 225 Index down 2.16% and China's Shanghai
Composite Index up 0.27%.
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