Home / Markets / Markets Analysis / Corn market / Grains higher despite bearish pressures

Grains higher despite bearish pressures

Jeff Caldwell 12/30/2011 @ 11:21am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The grains look like they're heading out of 2011 on a higher note, with higher prices in all pits at mid-day.

March corn's 6 3/4 cents higher at $6.44 3/4 per bushel, January soybeans are 13 1/2 higher at $12.01 and March wheat's 7 cents higher at $6.52 1/4, according to Barchart.com.

Prices remain buoyed by crop-stressing weather in South America as well as year-end positioning on the CME Group floor, market-watchers say. The upward move comes despite a lower U.S. Dollar Index and just slightly bullish export sales numbers for soybeans and wheat, but neutral to bearish numbers for corn.

"Soybeans will start closing the gap now and it appears it has started. Again, there is talk that corn exports will have to be adjusted up given the S.A. situation," says Agriculture.com Marketing Talk senior contributor Mizzou_Tiger.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Planting Weather Window Flying Open After… By: 04/24/2015 @ 12:42pm The weekend looks to be a wet, cool one in much of the Corn Belt, but by the beginning of next…

The [A] List: 3 Big Things This Morning… By: 04/24/2015 @ 6:29am Conflicting market factors weighing on the grains this morning.In the corn trade, the bird flu…

Tech Company Offers 'Diary For Future… By: 04/23/2015 @ 2:27pm Have you ever searched for a home on the Internet? The collection of data on vacant real estate…

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

FREE MEMBERSHIP!

CLOSE [X]