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 +

Got the Next Big Ag Tech Idea? Take It to… By: 10/22/2014 @ 2:36pm Do you have the next big ag technology idea? Are you looking for a way to get it started toward the…

'No Major Setbacks' for Harvest… By: 10/22/2014 @ 7:49am After a few showers move through the eastern Plains and northwestern Corn Belt late this week and…

Midharvest Grain Storage Update By: 10/21/2014 @ 1:36pm What sort of shape is your corn crop in as you put it in the bin this fall? How about your…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?