Call for Corn Bids

Graettinger, IA

Lee Carpenter

(712) 859-3663 Ext. 202

Lake Mills, WI

Pete Wollin

(920)648-2377 Ext. 18




Wednesday, April 1, 2020  
Weather |  Futures |  Futures Markets |  Market News |  Headline News |  DTN Ag Headlines |  Charts |  Portfolio |  Options |  Corn News |  Soybeans News 
About Us
Delayed Futures
Discount Schedule
Local Grainbids
USDA Reports
Daily Commentary
Admin Login
Cash Bids
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Grains         03/31 06:02
   Grains Steady to Weaker Ahead of USDA

   May corn is up 1/2 cent per bushel, May soybeans are down 3 1/2 cents, and
May KC wheat is down 1 cent.

By Tregg Cronin
DTN Contributing Analyst

6:00 a.m. CME Globex:   May corn is up 1/2 cent per bushel, May soybeans are
down 3 1/2 cents, and May KC wheat is down 1 cent.

CME Globex Recap:   Equities are steady to higher overnight, but energy markets
are tacking on a nice rally with crude oil up over 6.0%. The strength appears
tied to a phone call between President Trump and Russian President Putin on
which they agreed to have their top energy officials discuss slumping global
oil markets. It is difficult to believe Russia will be interested in taking any
measures that lifts pressure off U.S. shale drillers, considering that group is
a major part of why Russia bucked OPEC to engage in the price war in the first
place. Grains are biding their time until the USDA reports later Tuesday
morning, which will at least temporarily shift focus solely on to fundamentals.
How quickly traders revert back to trading coronavirus-headlines and concerns
over demand will be interesting. It is our opinion the acreage data will be
dismissed rather quickly considering everything that has happened since the
acreage survey was conducted in late February and early March.

OUTSIDE MARKETS:   Previous closes on Monday showed the Dow Jones Industrial
Average up 690.70 at 22,327.48 and the S&P 500 up 85.18 at 2,541.47 while the
10-year Treasury yield ended at 0.67%. Early Tuesday, the June DJIA futures are
up 51 points. Asian markets are mixed with Japan's Nikkei 225 down 167.96
(-0.88%) and China's Shanghai Composite up 3.08 points (0.11%). European
markets are higher with London's FTSE 100 up 73.05 points (1.31%), Germany's
DAX up 140.97 points (1.44%) and France's CAC 40 up 32.26 points (0.69%). The
June euro is down 0.007 at 1.100 and the June U.S. dollar index is up 0.569 at
99.850. The June 30-year T-Bond is down 36/32nds, while April gold is down
$23.20 at $1,598.80 and May crude oil is up $1.30 at $21.39. Soybeans on
China's Dalian Exchange were up 0.7% while soybean meal was down 1.4%.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN