DTN Early Word Grains 06/02 05:40
Grain Prices Quietly Mixed After Senate Suspends Debt Ceiling
December corn is down 2 cents, November soybeans are up 1 cent and July KC
wheat is down 3 cents.
DTN Lead Analyst
EARLY MORNING GLOBEX NET CHANGES: December corn is down 2 cents, November
soybeans are up 1 cent and July KC wheat is down 3 cents.
CME GLOBEX RECAP: Early Friday, U.S. stocks are trading higher after the
U.S. Senate voted 63 to 36 to suspend the debt ceiling through January 1, 2025,
thereby avoiding a U.S. default. European and Asian stocks are also higher,
partly relieved by the latest vote. USDA's weekly export sales report is due
out at 7:30 a.m. CDT Friday, the same time as nonfarm payrolls and the U.S.
unemployment rate for May. Oil prices are trading higher ahead of OPEC's
meeting on Sunday.
OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average up 153.30 at 33,061.57 and the S&P 500 Index up 41.19 at 4,221.02. The
10-Year Treasury yield ended at 3.61%. Early Friday, June Dow Jones futures are
up 167 points. European markets are higher with the spot futures of the London
FTSE 100 trading up 0.67%, spot futures of Germany's DAX trading up 0.89% and
spot futures of France's CAC Index trading up 1.04%. Asian markets are higher
with Japan's Nikkei 225 index up 1.21% and China's Shanghai Composite Index up
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