Home / Markets / Markets Analysis / Corn market / Export talk boosts grain futures

Export talk boosts grain futures

Jeff Caldwell 10/31/2012 @ 12:05pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Renewed optimism regarding grain export demand in the near future is making its way around the CME Group floor, and that's got grain gains sharpening as Wednesday's session hits the midday point despite a sliding equities market.

At midday, December corn is 15 cents higher at $7.56 3/4 per bushel, December wheat is 13 1/4 higher at $8.70, and November soybeans are 16 3/4 cents higher at $15.53 1/4.

Corn exports from other nations like Argentina and Ukraine are slowing, opening the door for more U.S. exports, one analyst says in a Dow Jones Newswires report.

The gains come despite a midday dip into the red in the equities trade, with the Dow Jones Industrial Average, S&P 500, and NASDAQ all trending slightly lower after early gains.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Friday… By: 12/19/2014 @ 6:21am A turnaround's likely in Friday's grain trade. Prices have been strong -- most for wheat…

3 Things to Watch This Morning, Thursday… By: 12/18/2014 @ 6:15am Grains surging on Cuba news. For more than five decades, the U.S. has had a trade embargo against…

Senate OKs Section 179 Deduction; Act… By: 12/17/2014 @ 9:45am With just shy of 2 weeks left until the end of the year, Congress has finally made it official: The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Chainsaw Accessories
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]