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 +

USDA Extends ARC, PLC Selection Deadline By: 03/27/2015 @ 12:00pm If you're stressing to meet next week's deadline for selecting the federal crop insurance…

The Latest 'Successful Land Sales' By: 03/27/2015 @ 10:52am With crop prices continuing to stay at or below profitable levels, a lot of farmers are talking…

3 Things to Watch This Morning, Friday… By: 03/27/2015 @ 6:37am Wheat, pre-USDA report positioning leading grains Friday.Corn and soybean futures are lower while…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]