Home / Markets / Markets Analysis / Corn market / Grains look for a higher start Wednesday

Grains look for a higher start Wednesday

Jeff Caldwell 12/05/2012 @ 6:22am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The seesaw is expected to turn back the other day Wednesday, with higher prices -- fueled by concerns about the world's wheat crop conditions and new grain demand talk -- expected at least to start the session.

Early calls are 2-4 higher for corn, 7-10 higher for soybeans and 2-4 higher for wheat. At 5:47 AM CST Wednesday morning, the March corn futures contract was 2 3/4 cents higher at $7.54 3/4 per bushel, January soybeans were 8 3/4 higher at $14.64 1/4 and March wheat was 2 1/4 higher at $8.58 3/4.

The higher trade reflects renewed anxiety about soybean planting delays in Argentina, as well as deteriorating wheat conditions around the world, mostly in Australia, reports show. Traders in other parts of the world -- in southeast Asia, for example -- expect wheat futures to move beyond the $8.90 level by the end of this month, settling into a price range just above $9.00/bushel through 2013.

Sign up for our Market Email & Text Alerts!

 

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Tightening Your Farm's Belt? Check Out… By: 09/02/2014 @ 1:44pm Exactly 2 years ago at this time, farmers were more concerned with how they were going to invest…

Rains Fall Hard, Fuel Soybean Disease, Corn… By: 09/02/2014 @ 9:33am A growing so-called heat dome in the Southeastern U.S. and up-and-down temperatures in the mostly…

Cutting Postharvest Grain Losses in Brazil a… By: 08/29/2014 @ 10:06am There's growing talk in parts of the central U.S. that once the combines start to roll this…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Crop Disease Concerns