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Jefferson City MFA AgriServices
1009 4th Street Click for MAP

Jefferson City, MO 65101

MFA CUSTOMER PORTAL

(573) 635-7183
Mo
n-Fri 8am-5pm
Sat 8am - Noon 
 

 
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DTN Early Word Grains         05/24 05:49
   Grain Markets Higher on Weather Worries, Lower IGC Carryout Forecast

   July corn is up 1 1/4 cents per bushel, July soybeans are up 1 1/4 cents,
July KC wheat is up 7 1/4 cents, July Chicago wheat is up 1/4 cent and July
Minneapolis wheat is up 5 1/4 cents.

Kent Beadle, DTN Contributing Analyst

   EARLY MORNING GLOBEX NET CHANGES: July corn is up 1 1/4 cents per bushel,
July soybeans are up 1 1/4 cents, July KC wheat is up 7 1/4 cents, July Chicago
wheat is up 1/4 cent and July Minneapolis wheat is up 5 1/4 cents.

   CME GLOBEX RECAP: World equity markets are mostly lower as Thursday's
economic data was strong which caused interest rates to rise and equity prices
to fall sharply. The S&P manufacturing PMI was 52.4, which compared to
pre-report estimates of 50.0. The services PMI was 54.8 compared to pre-report
estimates of 51.6. This data suggested a strong economy and a "higher for
longer" attitude from the Federal Reserve which had equity traders selling
stocks. The Dow was down over 600 points for the worst session since late
February of 2023. Friday morning brings reports on Durable Goods and Consumer
sentiment.

   OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial
Average down 605.78 at 39,065.26 and the S&P 500 down 39.17 at 5,267.84, The
10-Year Treasury yield ended at 4.475%. Early Friday, the June Dow Jones
Futures are up 55 points. European markets are lower with the spot futures of
London's FTSE 100 trading down 0.45%, spot futures of Germany's DAX is trading
down 0.37% and the spot futures of France's CAC 40 Index down 0.17%. Asian
markets are lower with Japan's Nikkei 225 Index down 1.17% and China's Shanghai
Composite Index down 0.88%.
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