Home / Markets / Markets Analysis / Corn market / Grains looking up to start Monday

Grains looking up to start Monday

Jeff Caldwell 11/28/2011 @ 7:39am Multimedia Editor for Agriculture.com and Successful Farming magazine.

After an extended period of lower markets around the world, the grains are seen turning higher to start the week, sources say.

Early calls for the commodities are corn 10-12 higher, soybeans 13-15 higher and wheat 10-12 higher, according to private sources.

Outside markets are more favorable for the grains so far Monday, and after several days of trading in the red -- namely in the equity markets -- the markets are looking for any good news. That includes the grains, according to ICAP Energy LLC Derivatives Manager Scott Shellady.

"We have had some decent sale figures from the weekend. Equities have been down seven days in a row and I think that the market was thirsty for ANYTHING not negative," Shellady says. "The world is soaring on hope this morning."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Got the Next Big Ag Tech Idea? Take It to… By: 10/22/2014 @ 2:36pm Do you have the next big ag technology idea? Are you looking for a way to get it started toward the…

'No Major Setbacks' for Harvest… By: 10/22/2014 @ 7:49am After a few showers move through the eastern Plains and northwestern Corn Belt late this week and…

Midharvest Grain Storage Update By: 10/21/2014 @ 1:36pm What sort of shape is your corn crop in as you put it in the bin this fall? How about your…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?