FREE DP ON CORN BEANS & WHEAT
WHEAT DELIVERED BY 7/20/23
CORN & BEANS DELIVERED BY 8/20/23
DTN Early Word Grains 06/09 05:49 Corn and Wheat Prices are Lower, Soybeans Higher on Positioning Ahead of Friday Morning's USDA Supply and Demand Report July corn is down 4 1/2 cents per bushel, July soybeans are up 4 3/4 cents, July KC wheat is down 10 1/4 cents, July Chicago wheat is down 3 cents and July Minneapolis wheat is down 8 1/4 cents. Kent Beadle, DTN Contributing Analyst EARLY MORNING GLOBEX NET CHANGES: July corn is down 4 1/2 cents per bushel, July soybeans are up 4 3/4 cents, July KC wheat is down 10 1/4 cents, July Chicago wheat is down 3 cents and July Minneapolis wheat is down 8 1/4 cents. CME GLOBEX RECAP: Equity markets are slightly lower in the U.S. Friday morning after stocks reversed higher again on Thursday. The S&P 500 closed at new yearly highs and it is now up over 20% from the lows which have market commentators saying that bear market has ended and that we are now in a bull market in stocks once again. World markets are quiet with the next important data points being the U.S. CPI and PPI reports out early next week, right ahead of the Federal Reserve meeting that will end on Wednesday. China announced their PPI Friday morning and it fell by 4.6%, the steepest drop in over 7 years. Their CPI was up 0.2%, in line with last month's data. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 168.59 at 33,833.61 and the S&P 500 up 26.41 at 4,293.93, The 10-Year Treasury yield ended at 3.71%. Early Friday, the June Dow Jones Futures are down 80 points. European markets are lower with the spot futures of London's FTSE 100 trading down 0.34%, spot futures of Germany's DAX is trading down 0.38% and the spot futures of France's CAC 40 Index down 0.33%. Asian markets are higher with Japan's Nikkei 225 Index up 1.97% and China's Shanghai Composite Index up 0.55%. The June Euro is down 0.002 at 1.076 and the June U.S. Dollar Index is up 0.189 at 103.505. The September 30-Year T-Bond is down 14/32nds, while August gold is steady at $1,978.60 and July crude oil is down $0.03 at $71.26. On China's Dalian Exchange, July corn was up 0.3% while July soybeans were up 0.26%, September soybean meal was up 0.35% and August Malaysian Palm Oil was trading up 3.25%.