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 +

U.S. Soybean Crop Will Hit Record 46 bu/ac… By: 07/25/2014 @ 2:10pm August is always the make-or-break month for the U.S. soybean crop. As the final days of July tick…

Drought's Assault Continues in… By: 07/24/2014 @ 9:06am Though it hasn't rained in parts of corn and soybean country in a few weeks, the drought has…

Malaysian Airliner Crash in Ukraine Sends… By: 07/17/2014 @ 2:34pm Wheat futures took off Thursday afternoon to close double-digits higher after news that officials…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101