Commodities Hold Steady Early Wednesday
Corn futures are lower, soybeans higher, and KC wheat higher at 6 a.m. CDT.By Darin Newsom DTN Senior Analyst
6:00 a.m. CME Globex: Corn 1 cent lower, soybeans 4 cents higher, and wheat 1 cent higher.
CME Globex Recap: Outside commodities were lower again early Wednesday morning as the U.S. dollar index posted a solid rally. Much of the strength of the index was due to the Japanese yen sliding lower again on continued pressure from recent easing action by the Bank of Japan. Grains were quietly mixed, with solid buying in May soybeans once again the main feature.
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The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance results. Opinions expressed herein are the opinions of the author only and not the opinion of any firm the author may be affiliated or associated with.
