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.

VIDEO 

MORE VIDEOS >> 



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
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.
Holiday Profit Taking Pressures Markets