Home / Markets / Markets Analysis / Corn market / Corn higher, wheat & soybeans lower Thursday

Corn higher, wheat & soybeans lower Thursday

Jeff Caldwell 12/16/2010 @ 2:17pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Corn stayed on the higher side, while soybeans and wheat sunk in Thursday's trade.

March corn ended Thursday's trade 2 cents higher at $5.86 1/4 per bushel, according to Barchart.com. January soybeans ended 7 1/2 cents lower at $12.89 per bushel, while March wheat was 15 cents lower at $7.49 3/4 per bushel.



With moisture remaining in short supply in Plains wheat country, it's just one region under stress that could give some strength to the wheat trade in the near future.

"Meager precipitation at best is forecast there for the 6-10 day time frame, and it could very well be completely dry in the region for that period. Moisture in the 11-15 day time frame for the Nation's midsection should stay well to the east of the Plains hard-red winter wheat belt," according to Thursday's commentary from Freese-Notis Weather, Inc. "Wheat traders are also looking at various world wheat areas as well, with Australia at the top of the list. Parts of eastern Australia will again see substantial rains (particularly for the weekend), but will dry out in the 6-10 day time frame."



CancelPost Comment
MORE FROM JEFF CALDWELL more +

Soybeans blast off on strong processing data By: 04/15/2014 @ 3:27pm Soybean futures topped out Tuesday above $15/bushel for the first time in quite a while on news…

Farm Debt-to-Asset Ratios Lowest in 20 Years… By: 04/15/2014 @ 2:27pm Farm debt has increased a lot over the last two decades. Bad news, right? At the same time, general…

Corn Planting Sags; Wheat Worries Mount By: 04/15/2014 @ 9:21am Corn planting is underway in the U.S. That's the good news. The bad news is as of mid-April…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine