Home / Markets / Markets Analysis / Corn market / Grains seen starting higher

Grains seen starting higher

Jeff Caldwell 12/20/2011 @ 8:24am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Look for a higher start to Tuesday's trade after Monday's strength spilled over into the overnight trade despite earlier gains being trimmed.

Early calls for the commodities are corn 3-5 higher, soybeans 4-6 higher and wheat 6-8 higher, according to private sources.

In overnight trading, nearby corn was up 2 1/2 cents to $6.03 1/2 per bushel, while nearby soybeans were 5 1/2 higher at $11.42 1/2 and nearby wheat was 5 3/4 higher at $6.05 1/2, according to Barchart.com.

The fundamentals are friendly for the grains going into Tuesday's trade, though volume will likely continue to be light, says ICAP Energy LLC Derivatives Manager Scott Shellady.

"Good moves yesterday in all 3 major products but the volumes were lagging and they will continue to lag today," he says. "On a bigger note, the dollar is weaker, equities are higher and oil is up as well."


CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning: Friday… By: 11/21/2014 @ 6:34am Weekend weather shift on the way.Though some of it's melted in the last few days, there is…

President Obama Lays Out Immigration Reform… By: 11/20/2014 @ 8:25pm In his address to the nation focusing on steps moving forward on federal immigration policy…

Immigration and Farm Labor Changes Ahead? By: 11/20/2014 @ 12:26pm Whether your farm or ranch depends directly on immigrant labor or not, chances are high that…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Craftsman Two-in-One