Home / Markets / Markets Analysis / Corn market / Grains start Friday session mixed

Grains start Friday session mixed

Jeff Caldwell 12/02/2011 @ 9:53am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Soybeans and wheat are higher while corn dipped lower shortly after the open Friday morning.

Early expectations are for a higher trade Friday, with focus returning to bullish outside factors. But, a feared lag in demand has corn just into the red in early trading Friday.

In early trading, March corn was 1 1/2 cents lower at $5.93 1/4 per bushel, while January soybeans were 4 1/4 higher at $11.32 1/4 and March wheat was 3 cents higher at $6.05, according to Barchart.com.

The U.S. Dollar's weaker and the Dow Jones Industrial Average has started Friday off almost 100 points higher, both bullish factors to the grains. But, lower prices aren't out of the picture, at least for corn, as demand worries continue to linger. And, shaky corn prices aren't exactly inspiring confidence in corn when it comes to the acreage battle for 2012, either.

"These prices won't buy 95 million acres. We didn't need 95 million acres a year ago and we didn't get a 160 yield as we were told we would last March," says Agriculture.com Marketing Talk veteran contributor Mike M2692830.

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