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DTN Before The Bell Grain Comments
Todd Hultman DTN Grains Analyst
Wed May 1, 2013 08:21 AM CDT

Morning CME Globex Update: July corn is down 7 1/2 cents, July soybeans down 20 cents, and July Chicago wheat is down 11 cents. It is May 1st and a line of snow from Colorado to southern Minnesota is moving gradually eastward. Expected precipitation amounts are expected to lighten by the time they reach Indiana and that should help planting prospects somewhat. China's official manufacturing index fell from 50.9 to 50.6 in April, slightly weaker than expected, but still a sign of expansion.

Other Markets:

Dow Jones: Lower
U.S. Dollar Index: Lower
Gold: Lower
Crude Oil: Lower

Corn: Another shift ...

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