Home / Markets / Markets Analysis / Corn market / Corn up on South America, acreage worries

Corn up on South America, acreage worries

12/21/2010 @ 12:51pm

CBOT Corn is clinging to small gains on South American crop concerns and tight global supplies expected in 2011. The market has been slightly higher all day but has been unable to challenge the November high of $6.05.

Still, a close above $6 would be the first since July 2008. Dry, hot weather in Argentina during corn pollination is a main driver of the gains. Traders are also worried about whether U.S. farmers will plant enough acres in 2011. March corn up 2 1/2 cents to $6.02 per bushel.



Contact us at 312-341-5780 or tom.polansek@dowjones.com
(END) Dow Jones Newswires
December 21, 2010 13:32 ET (18:32 GMT)
Copyright (c) 2010 Dow Jones Company, Inc.


CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

More Pig Losses Seen, Smithfield Says By: 05/14/2014 @ 7:55am The swine industry is struggling to contain a deadly virus that's sweeping U.S. hog farms…

Senators Turn Up Heat on Railroad Companies By: 05/13/2014 @ 11:39am Four Midwestern U.S. senators add their voices to a growing chorus of farmers, ethanol producers…

Summary of Friday's WASDE Report By: 05/09/2014 @ 2:53pm The following table is provided as a service to Wall Street Journal subscribers in conjunction…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
CME Group and 4-H's Risk Ranch