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 +

Drought Continues to Hammer California;… By: 08/28/2014 @ 10:27am John Steinbeck and Sonora Babb painted vivid pictures of the Dust Bowl in their novels The Grapes…

Another Rough Winter? Farmers' Almanac… By: 08/27/2014 @ 7:30am Not again! A year ago, the Farmers' Almanac, which has been around for almost two centuries…

Easing Farmland Values No… By: 08/26/2014 @ 2:23pm Just because the land market has leveled off from its meteoric rise of the last few years…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Put Rolls Sending Bearish Signals