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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.

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Weather Trumps Demand