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Grains mixed heading into Wednesday

Jeff Caldwell 12/28/2011 @ 7:05am Multimedia Editor for Agriculture.com and Successful Farming magazine.

After a huge day for the bulls on Tuesday, the tone's more mixed going into Wednesday's trade, with corn and wheat higher but soybeans -- the big winner Tuesday -- dipping into the red.

Early calls for the grains are corn and wheat both 3-5 cents higher and soybeans 2-4 cents lower, according to private sources.

Those calls are based on some mixed overnight prices; at 6:45 AM CST, March corn was 3 1/4 cents higher and March wheat was 3 1/2 higher, trading to $6.36 1/2 and $6.48 1/4, respectively. January soybeans, which soared more than 36 cents higher in Tuesday's trade, dipped by 5 1/2 cents to trade at $11.94 1/4 per bushel in the overnight trade.

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"Turnaround Tuesday" Fades