Home / Markets / Markets Analysis / Corn market / Grains brace for WASDE, end mixed

Grains brace for WASDE, end mixed

07/10/2013 @ 2:22pm

U.S. grain and soybean futures sustained a mixed trend as the session ended Wednesday.

Traders bracing for the release of the U.S. Department of Agriculture's monthly crop report on Thursday took a cautious approach, with market participants adjusting their positions ahead of the monthly supply-and-demand forecasts for such major agricultural commodities as corn, soybeans and wheat, traders said.

Some investors were exiting futures positions to reduce risk exposure, taking a cautious approach as estimates from federal forecasters could cause price swings in futures markets if they differ substantially from analysts' expectations.

With futures yet to settle, Chicago Board of Trade July soybean futures were down 20 1/4 cents, or 1.3%, at $15.93 a bushel, July corn was up 5 3/4 cents, or 0.8%, at $7.09 3/4, and July wheat dropped 3 1/4 cents, or 0.5%, to $6.72 1/4.



Write to Andrew Johnson Jr. at andrew.johnsonjr@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
July 10, 2013 14:44 ET (18:44 GMT)
DJ U.S. Grain, Soy Stay Mixed; Brace for USDA Reports->copyright

Sign up for our Market Email Alerts!


CancelPost Comment

Soybeans hit 8-month highs as processing… By: 04/15/2014 @ 3:31pm Soybeans jumped to the highest price in more than eight months after an industry report showed the…

Goldman Sachs is Bearish Wheat By: 04/14/2014 @ 10:01am Goldman Sachs (GS) Monday said increases in grains futures from ongoing Ukraine tensions would be…

USDA Report Summary By: 04/09/2014 @ 11:17am The following table is provided as a service to Dow Jones Newswires subscribers in conjunction…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather