DTN Early Word Grains 07/30 05:56
Grains Run Into End of Month Selling Early Friday
December corn is down 4 1/2 cents, November soybeans are down 6 3/4 cents
and September KC wheat is down 3 1/4 cents.
DTN Lead Analyst
Pre-6 a.m. Globex Prices: December corn is down 4 1/2 cents, November
soybeans are down 6 3/4 cents and September KC wheat is down 3 1/4 cents.
CME Globex Recap: Early Friday, Dow Jones futures are starting lower Friday,
in line with markets in Asia and Europe. On Thursday, the U.S. Commerce
Department reported second-quarter real GDP up a less than expected 1.6%.
CNBC.com reported Amazon is trading lower after falling short of revenue
expectations. One gauge of inflation, the U.S. employment cost index is due out
at 7:30 a.m. CDT, along with a report on U.S. personal income.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 153.60 at 35,084.53 and the S&P 500 up 18.51 at 4,419.15 as the
10-Year Treasury yield settled at 1.27%. Early Friday, September Dow Jones
futures are trading down 88 points. Asian markets are lower with Japan's Nikkei
225 index down 1.80% and China's Shanghai Composite Index down 0.42%. European
markets are lower with the spot futures of the London FTSE 100 trading down
0.83%, spot futures of Germany's DAX trading down 0.79% and spot futures of
France's CAC Index trading down 0.12%. The September euro is up $0.0015 at
$1.1916. The September U.S. Dollar Index is down 0.08 at 91.80. The September
30-year T-bond is up 11/32nds, while August gold is down $3.10 at $1,828.10 and
September crude oil is down $0.16 at $73.46. On China's Dalian exchange,
September corn was up 0.2%, September soybeans were up 0.8%, September soybean
meal was up 1.1% and September soybean oil was down 0.2%. July common wheat on
China's Zhengzhou exchange was unchanged. September Malaysian palm oil is
trading up 0.3%.
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