News

Markets Continue Race Higher


The morning of the 72nd anniversary of D-Day finds grains racing higher once again. The soybean complex continues to lead the charge, with old-crop posting a solid 20-cent plus rally. Spillover support has corn and wheat also trading higher. Outside markets are showing gains despite a stronger U.S. dollar index early Monday.

OUTSIDE MARKETS: The Dow Jones Industrial Average closed 31.50 points lower at 17,807.06, the NASDAQ Composite lost 28.84 points to 4,942.52, and the S&P 500 dipped 6.13 points to close at 2,099.13 Friday. DJIA futures were 10 points higher overnight.

Asian markets were mixed with Japan’s Nikkei down 62.20 points (0.4%) while China’s Shanghai Composite lost 4.58 points (0.2%). European markets were also mixed with London’s FTSE 100 up 56.51 points (0.9%).

The U.S. dollar index gained 0.213 to 94.242. Crude oil rallied $0.46 to $49.08 while Brent crude was up $0.46 to $50.10. August gold was $0.20 higher at $1,243.10. China’s Dalian soybean futures and Malaysian palm oil futures were both quietly lower overnight.

Source: AgFax

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

2019 Spring Wheat Tour Preview: After Rough Spring, What Will Scouts See?

According to the North Dakota Wheat Commission's (NDWC) crop progress, development of the crop remained behind normal in all states with the exception of Minnesota. Recent of high temperatures helped accelerate crop maturity some, which should be reflected in the July 22 report and will likely be seen by tour scouts....

Beef Herd Expansion Near End?

From the low point in 2014, beef cow numbers have expanded by nine percent. Total cow numbers including dairy cows are up seven percent. Commercial beef production has increased by 11 percent a combination of seven percent more cows and a four percent increase in beef output per cow....
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×