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Grains lift on S.A. weather, positioning
Jeff Caldwell
12/30/2011 @ 9:48am
Multimedia Editor for Agriculture.com and Successful Farming magazine.
Year-end positioning and South American weather are the 2 big factors with the most attention from the trade Friday, and prices reflect those variables in early trading.
At the open, March corn is 6 1/2 cents higher at $6.44 1/2 per bushel, January soybeans are 9 1/4 higher at $11.96 3/4 and March wheat is 8 cents higher at $6.53 1/4, according to Barchart.com.
Export sales figures came in "solid" for soybeans but disappointing for corn Friday morning. That will do little, though, to slow higher prices Friday, analysts say.
