Home / Markets / Markets Analysis / Corn market / Grains rocket higher on USDA data

Grains rocket higher on USDA data

Jeff Caldwell 10/11/2012 @ 9:47am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The gains continue for corn, soybeans and wheat early in Thursday's trading session after USDA released monthly Crop Production and supply/demand numbers Thursday morning.

In early trading, December corn is 25 1/4 cents higher at $7.62 per bushel, while November soybeans are 24 cents higher at $15.47 1/4 and December wheat is 10 1/4 higher at $8.80.

The gains come after USDA released numbers showing a slightly smaller corn crop in the U.S. this year on top of lower ending stocks.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Another Rough Winter? Farmers' Almanac… By: 08/27/2014 @ 7:30am Not again! A year ago, the Farmers' Almanac, which has been around for almost two centuries…

Easing Farmland Values No… By: 08/26/2014 @ 2:23pm Just because the land market has leveled off from its meteoric rise of the last few years…

Sudden Death Syndrome Popping Up in Midwest… By: 08/26/2014 @ 7:11am The ample moisture in the last week or so in parts of the Corn Belt has been a boon for corn and…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Markets Finish Mixed