Home / Markets / Markets Analysis / Corn market / Grains called sharply higher Thursday

Grains called sharply higher Thursday

Jeff Caldwell 11/18/2010 @ 7:25am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Look for a rebound in the CME Group grain pits Thursday, with early calls higher for corn, soybeans and wheat.

Early calls are 15-18 higher for corn, 28-32 higher for soybeans and 22-25 higher for wheat, according to private sources.

The grains were sharply higher in overnight electronic trading; As of 6:15 AM CST, December 2010 corn was 16 1/2 cents higher at $5.42 1/4 per bushel, while January soybeans were 29 1/2 higher at $12.34 1/2, according to Dow Jones Newswires. December wheat was 22 1/4 cents higher at $6.54 3/4 per bushel.


See more of the latest commodity prices


While some see the rebound as a correction after the recent days' losses, it also could be a seasonal upswing, based on a few key indicators, one farmer says. "Thursdays and Fridays have been the up days for the weeks lately too," writes Agriculture.com Marketing Talk member kinsman1909250.  "I'm getting a lot of green lights here for a nice little rally to be coming up."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Soybeans blast off on strong processing data By: 04/15/2014 @ 3:27pm Soybean futures topped out Tuesday above $15/bushel for the first time in quite a while on news…

Farm Debt-to-Asset Ratios Lowest in 20 Years… By: 04/15/2014 @ 2:27pm Farm debt has increased a lot over the last two decades. Bad news, right? At the same time, general…

Corn Planting Sags; Wheat Worries Mount By: 04/15/2014 @ 9:21am Corn planting is underway in the U.S. That's the good news. The bad news is as of mid-April…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine