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DTN Early Word Grains 04/17 05:43
Grain Markets Mixed on Thursday, With Soybeans Rebounding on Firmer Crush
Margins
May corn is down 1 1/4 cents per bushel, May soybeans are up 1 1/4 cents,
July KC wheat is up 6 cents, May Chicago wheat is up 2 3/4 cents and July
Minneapolis wheat is up 3 3/4 cents.
Kent Beadle, DTN Contributing Analyst
EARLY MORNING GLOBEX NET CHANGES: May corn is down 1 1/4 cents per bushel,
May soybeans are up 1 1/4 cents, July KC wheat is up 6 cents, May Chicago wheat
is up 2 3/4 cents and July Minneapolis wheat is up 3 3/4 cents.
CME GLOBEX RECAP: European markets are trading lower, catching up to the
large break in U.S. markets that occurred late in the session on Wednesday when
Fed Chairman Powell addressed the tariffs and the potential inflation that the
President's tariff policy might create. Additionally, the U.S. put new
restrictions on Nvidia and AMD on chip sales to China. Combined, those two
factors pushed tech stocks down over 3% by the close of the session, with the
Dow and the S&P also falling sharply.
Wednesday's new data releases were mixed for the economy, with retail sales
and home builders' confidence higher than trade expectations, but with
industrial production and capacity utilization worse than trade expectations.
Thursday, we will see housing starts and the building permits report.
OUTSIDE MARKETS: Previous closes Wednesday showed the Dow Jones Industrial
Average down 699.57 at 39,669.39 and the S&P 500 down 120.93 at 5,275.70. The
10-Year Treasury yield ended at 4.279%. Early Thursday, the June Dow Jones
Futures are down 393 points. European markets are lower with the spot futures
of London's FTSE 100 trading down 0.97%, spot futures of Germany's DAX is
trading down 0.41% and the spot futures of France's CAC 40 Index down 0.67%.
Asian markets are higher with Japan's Nikkei 225 Index up 1.35% and China's
Shanghai Composite Index up 0.13%.
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