Tridge summary
Overnight pre-6 a.m. Globex prices report a mixed market for grains, with December corn and Chicago wheat experiencing a decline, while November soybeans and Kansas City wheat are on the rise. Traders are anticipating the latest export sales data, especially the amount sold to China, to provide further direction. The equity markets are showing mixed performances, with European indices experiencing solid gains. Energy markets are down following the previous day's significant losses, and the U.S. Dollar Index is slightly higher, trying to achieve its third consecutive higher close, despite being close to two-year lows. Precious metals are weaker, and in the outside markets, the Dow Jones Industrial Average and the S&P 500 showed positive closes, while Asian and European markets displayed mixed results. Currencies, bonds, gold, and crude oil prices also provide an overview of the global financial markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Pre-6 a.m. Globex Prices: December corn is down 3/4 cent per bushel, November soybeans are up 2 3/4 cents, and December KC wheat is up 1/2 cent. CME Globex Recap: Grain markets are mixed overnight with corn and Chicago wheat lower while the soy complex and Kansas City wheat are firmer. Traders are anxious to get the latest export sales data out later Thursday morning to see the full tonnage sold to China in the last week for all major grains. Equity markets are mixed overnight, although European indices are posting solid gains, which aren’t yet providing any lift to U.S. futures. Energy markets were lower overnight, following through on Wednesday’s big losses with spot crude oil prices slipping below the 200-day moving averages for the first time since May. The U.S. Dollar Index is slightly higher overnight, attempting to make it three higher closes in a row, although still close to two-year lows. Precious metals are weaker overnight. OUTSIDE MARKETS: Previous closes on Wednesday ...
Source: Agfax
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