Home / Markets / Markets Analysis / Corn market / Brazil rains sink U.S. grains

Brazil rains sink U.S. grains

Jeff Caldwell 12/21/2011 @ 10:02am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Tracking overnight losses, the grains opened Wednesday's trade slightly lower on news that rains are falling in South America, improving on the hot, dry crop-stressing weather there.

In early trading, March corn is 2 1/2 cents lower at $6.04 1/2 per bushel, January soybeans are 2 1/4 lower at $11.42 1/2 and March wheat is 6 1/2 lower at $6.01 1/4, according to Barchart.com.

The grains are following the weather situation in South America closely this week; earlier in the week, dry, hot conditions were starting to stress the corn and soybean crops in Argentina and Brazil during the critical corn pollination growth period. But, rains have fallen in that part of the world over the last 24 hours, alleviating the weather stress there. But, another new weather outlook Wednesday morning shows it may not be long until that heat stress returns.


CancelPost Comment
MORE FROM JEFF CALDWELL more +

Immigration and Farm Labor Changes Ahead? By: 11/20/2014 @ 12:26pm Whether your farm or ranch depends directly on immigrant labor or not, chances are high that…

3 Things to Watch This Morning: Thursday… By: 11/20/2014 @ 6:18am Higher grain prices despite bearish signals. The U.S. dollar is higher, the stock market's…

Rural Economy Woes Drag On; Will Farmland… By: 11/19/2014 @ 12:32pm Though grain prices have fallen a lot more than 5% in the last year, new analysis shows that's…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cylinder Leak-down Test-Engine Answerman