DTN Early Word Grains 06/15 05:57
Soybeans Fall as More Tariffs Approved
July corn was down 2 3/4 cents, July soybeans were down 15 1/2 cents, and
July Kansas City (HRW) wheat was down 6 1/4 cents.
By Todd Hultman
6:00 a.m. CME Globex: July corn was down 2 3/4 cents, July soybeans were down
15 1/2 cents, and July Kansas City (HRW) wheat was down 6 1/4 cents.
CME Globex Recap: AP News reported President Trump approved roughly $50
billion of new tariffs on China, a move that is expected to result in
retaliatory tariffs on U.S. soybeans and has the Dow Jones futures trading
lower overnight. The June U.S. dollar index is quietly lower and nearly all
commodities are starting Friday lower.
OUTSIDE MARKETS: Thursday's trading saw the Dow Jones Industrial Average drop
25.89 points to 25,175.31 while the S&P 500 was up 6.86 points to 2,782.49,
while the 10-year Treasury yield ended at 2.95%. Early Friday, DJIA futures
were down 153 points. Asian markets were mixed with Japan's Nikkei 225 up
113.14 points (0.5%) and China's Shanghai Composite down 22.26 points (-0.7%).
European markets were also mixed with London's FTSE 100 down 52.35 points
(-0.7%), Germany's DAX up 2.75 points (0.02%), and France's CAC 40 up 18.97
points (0.3%). The euro was up 0.0007 and the U.S. dollar index was down 0.11
to 94.77. June 30-year T-Bonds were up 10/32nds while August gold was down
$5.30 to $1,303.00 and August crude oil was down $0.11 at $66.58. China's
Dalian soybeans were steady to lower and Malaysian palm oil futures showed no
new trades on Friday.
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