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 +

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