Home / Markets / Markets Analysis / Corn market / Corn buoys all grains at mid-day

Corn buoys all grains at mid-day

Jeff Caldwell 04/13/2011 @ 11:02am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Corn and soybeans remain on the plus side by double digits so far Wednesday, bringing wheat with them in mid-day trading.

At mid-day, nearby corn futures are 10 3/4 cents higher per bushel at $7.63 1/4, while nearby soybeans are 13 cents higher at $13.42 3/4, according to Barchart.com. Nearby wheat is 2 1/2 cents higher at $7.62 per bushel.

Concerns about tight domestic corn stocks and a weather forecast that could result in a lot of planters sitting still the next few days are largely fueling Wednesday's uptrend. That latter factor could be in the mix for several days from now, according to meteorologist Craig Solberg.

"We will see one more nice day in the Midwest for this Wednesday (i.e. largely dry conditions, mild temperatures) but things will be going downhill in the west tomorrow, in the east on Friday...and it may then be quite a while before we again get into any sort of 'nice' weather pattern for the region," Solberg said Wednesday morning.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Will you plant corn late? Here are 5 tips to… By: 04/23/2014 @ 11:59am There's mounting evidence to support the idea that this spring might be a repeat of last…

Corn Planting Slumps Forward -- USDA By: 04/22/2014 @ 8:13am Corn planting remains behind the normal pace, though a weather window may be opening this week to…

Drought Cuts Southern California Water… By: 04/21/2014 @ 2:53pm The drought is bad in the nation's center. Crops are hurting, and there's a lot of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline