Hoffman Ag Services Monday, May 20, 2024  
 
 
 
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DTN Early Word Grains         05/20 05:50
   Grain Markets Higher to Begin the Week on World Weather Concerns

    July corn is up 2 3/4 cents per bushel, July soybeans are up 6 cents, July
KC wheat is up 18 3/4 cents, July Chicago wheat is up 19 1/4 cents and July
Minneapolis wheat is up 15 1/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 2 3/4 cents per bushel,
July soybeans are up 6 cents, July KC wheat is up 18 3/4 cents, July Chicago
wheat is up 19 1/4 cents and July Minneapolis wheat is up 15 1/4 cents.

   CME GLOBEX RECAP: World equity markets are higher Monday morning. Traders
believe that recent economic data could still result in interest rate cuts
sometime this year. Other world Central Banks may start to cut rates earlier,
to deal with recessionary pressures that have already taken hold in many
countries.

   Economic data this week will include existing home sales on Wednesday, new
home sales and flash PMIs on Thursday, and durable goods on Friday.

   OUTSIDE MARKETS: Previous closes Friday showed the Dow Jones Industrial
Average up 134.21 at 40,003.59 and the S&P 500 up 6.17 at 5,303.27, The 10-Year
Treasury yield ended at 4.553%. Early Monday, the June Dow Jones Futures are up
15 points. European markets are higher with the spot futures of London's FTSE
100 trading up 0.27%, spot futures of Germany's DAX is trading up 0.32% and the
spot futures of France's CAC 40 Index up 0.4%. Asian markets are higher with
Japan's Nikkei 225 Index up 0.73% and China's Shanghai Composite Index up 0.54%.
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