Home / Markets / Markets Analysis / Corn market / Grains fight to stay afloat early Tuesday

Grains fight to stay afloat early Tuesday

Jeff Caldwell 12/04/2012 @ 5:59am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The overnight session saw the grains trying to hold on to Monday's gains, which were trimmed sharply heading into Tuesday's open outcry session.

Early calls for the grains are corn unchanged to 2 cents lower, soybeans 1 to 3 cents lower, and wheat 1 to 3 cents higher, according to private sources.

As of 5:33 AM CST in the overnight trade, the March corn futures contract was 1 1/2 cents higher at $7.56 1/4 while January soybeans -- also 1 1/2 cents higher -- were at $14.55 1/4 per bushel. March wheat was 4 cents higher at $8.64 3/4 per bushel.

Tuesday's early prices come after news that Taiwan has cancelled a 60,000-metric-ton order of U.S. soybeans, citing high prices. Analysts also observed a slowdown in demand for EU wheat, which they say could last through the year-end holidays, a report shows. Finally, another report Tuesday morning shows new expectations for record-high corn plantings in the U.S. next spring.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Thursday… By: 03/05/2015 @ 6:21am Watch the funds and the dollar Thursday and beyond. The markets have stabilized after…

Massive Canal Project Seeks to Streamline… By: 03/04/2015 @ 2:49pm It's been referred to as the largest construction project in the history of mankind, and it…

Soybeans Lead Grain Price Slide Wednesday By: 03/04/2015 @ 8:28am The grain markets started Wednesday on a lower note after a higher close on Tuesday, and midday…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Parallel linkage
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]