|
|
|
|
|
|
DTN Early Word Grains 12/26 05:53
Grain Markets Resume Trade Thursday With Four Sessions Left In 2024
There was no overnight trade for grain markets Christmas evening. Trade will
resume at 8:30 a.m. CST Thursday. For Dec. 24, March corn settled up 3/4 cents
at $4.48 1/2, January soybeans up 4 1/4 cents at $9.79 3/4, and March KC wheat
down 7 1/4 at $5.43 3/4.
Rhett Montgomery
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: There was no overnight trade for grain
markets Christmas evening. Trade will resume at 8:30 a.m. CST Thursday. For
Dec. 24, March corn settled up 3/4 cents at $4.48 1/2, January soybeans up 4
1/4 cents at $9.79 3/4, and March KC wheat down 7 1/4 at $5.43 3/4.
CME GLOBEX RECAP: It is likely to be another quiet trade the day after
Christmas as the market can tend to stay in holiday mode through New Years.
There will be very little in the form of fundamental news updates Thursday, but
USDA will return Friday with export sales and the EIA. will also report on
ethanol production to close the week. Traders will watch these reports for
reaffirmation of what has been decent demand for U.S. grains through the late
fall/early winter thus far. Otherwise, South American weather will continue to
demand attention into 2025 as crops approach key development stages.
OUTSIDE MARKETS: Previous closes Tuesday showed the Dow Jones Industrial
Average up 390.08 at 43,297.03 and the S&P 500 Index up 65.97 at 6,040.04. The
10-Year Treasury yield ended at 4.59%. Early Thursday, March Dow Jones futures
are down 173 points. The spot futures of the London FTSE 100 are trading up
0.47%, spot futures of Germany's DAX trading down 0.44% and spot futures of
France's CAC Index trading up 0.12%. Japan's Nikkei 225 index is up 0.61% and
China's Shanghai Composite Index up 0.27%.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
|
|
|