Central Dakota Frontier Cooperative
DTN Early Word Grains 04/16 05:55
Rain-Snow Mix Comes to HRW Winter Wheat
May corn is up 3 1/2 cents, May soybeans are up 10 cents and July KC wheat
is down 3 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: May corn is up 3 1/2 cents, May soybeans are up 10
cents and July KC wheat is down 3 cents.
CME Globex Recap: Early Friday, Dow Jones futures are trading a little
higher with both, European and Asian stocks also trading higher. According to
RTTNews.com and China's National Bureau of Statistics, China's GDP was up 0.6%
in the first quarter and up 18.3% from a year ago, less than expected, but a
big rebound from last year's pandemic-impaired performance.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 305.10 at 34,035.99 and the S&P 500 up 45.76 at 4,170.42 while the
10-Year Treasury yield fell to 1.53%. Early Friday, December Dow Jones futures
are up 52 points. Asian markets are higher with Japan's Nikkei 225 up 40.68
(0.1%) and China's Shanghai Composite up 27.63 (0.8%). European markets are
higher with London's FTSE 100 up 31.57 points (0.4%), Germany's DAX up 98.93
points (0.6%) and France's CAC 40 up 17.01 points (0.3%). The June euro is up
$0.0001 at $1.1990. The June U.S. Dollar Index is up 0.03 at 91.65. The June
30-year T-bond is down 1 3/32nds, while June gold is down $0.40 at $1,766.40
and May crude oil is up $0.13 at $63.59. On China's Dalian exchange, May corn
was up 0.8%, May soybeans were up 1.3%, September soybean meal was up 1.4% and
September bean oil was up 0.9%. May common wheat on China's Zhengzhou exchange
was unchanged. June Malaysian palm oil is trading up 2.6%.
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