Home / Markets / Markets Analysis / Corn market / Corn seen leading grains higher

Corn seen leading grains higher

Jeff Caldwell 04/13/2011 @ 8:24am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The grains are expected to open on the higher side Wednesday, analysts say.

Early calls for the grains are corn up 6-8, wheat up 5-7 and soybeans up 8-10, according to private sources.

Corn's expected to lead the charge Wednesday after a mostly higher overnight trade, as traders continue to move prices amid continued anxiety about tight grain supplies, according to a Dow Jones Newswires report.

Add to that some concerns about planting weather in the Midwest turning cooler and wetter over the next week and there's more room for upside, though it's far from unlimited at this point. Namely, the prospect of livestock producers cutting corn use, thereby trimming demand, remains the biggest potential detractor.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Some Weekend 'Fieldwork Chances'… By: 05/29/2015 @ 12:39pm After a week featuring off-and-on rainfall -- in many spots in the Midwest enough to keep planters…

RFS Adjustments Justified According to Key… By: 05/29/2015 @ 11:52am Friday's announcement of the paring-down of the ethanol mandate and increase in biodiesel…

USDA Rolls Out $100 Million For Ethanol… By: 05/29/2015 @ 11:02am On the same day leaders of the U.S. Environmental Protection Agency (EPA) announced they're…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]