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DTN Early Word Grains 09/27 05:50

9/27/2022 - 06:21:00

DTN Early Word Grains         09/27 05:50
   Crop Prices Higher Early Tuesday as U.S. Dollar Relaxes

   December corn was up 3 cents, November soybeans were up 11 cents and
December KC wheat was up 10 cents.

Todd Hultman
DTN Lead Analyst

   EARLY GLOBEX PRICES: December corn was up 3 cents, November soybeans were up
11 cents and December KC wheat was up 10 cents.

   CME GLOBEX RECAP: Early Tuesday, stock futures in the U.S. are starting
higher with stocks in Asia and Europe also higher. Several Fed officials are
scheduled to speak Tuesday and the general theme seems to be that it is better
for the Fed to take a hawkish stand now rather than let inflation linger.
Reports later Tuesday will include U.S. durable goods, new home sales and a
U.S. index of consumer confidence.

   OUTSIDE MARKETS: Previous closes Monday showed more bearish concerns about
the economy and rising U.S. dollar. The Dow Jones Industrial Average was down
329.60 at 29,260.81 and the S&P 500 down 38.19 at 3,655.04, while the 10-Year
Treasury yield increased to 3.88%, the highest yield in 12 years. Early
Tuesday, December Dow Jones futures are trading up 202 points. Asian markets
are higher with Japan's Nikkei 225 index up 0.53% and China's Shanghai
Composite Index up 1.40%. European markets are a little higher with the spot
futures of the London FTSE 100 trading up 0.09%, spot futures of Germany's DAX
trading up 0.27% and spot futures of France's CAC Index trading up 0.50%. The
December euro is up $0.0016 at $.9686. The December U.S. Dollar Index is down
0.39 at 113.64. The December 30-year T-bond is up 12/32nds, while December gold
is up $9.60 at $1,643.0 and November crude oil is up $1.31 at $78.02. On
China's Dalian exchange, January corn was down 0.8%, November soybeans were
down 0.4%, January soybean meal was up 0.3% and January soybean oil was down
0.7%. December Malaysian palm oil is trading up 1.0%.

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