Home / Markets / Markets Analysis / Corn market / Jobs data sinks grains in early trading

Jobs data sinks grains in early trading

Jeff Caldwell 05/04/2012 @ 10:13am Multimedia Editor for Agriculture.com and Successful Farming magazine.

A disappointing U.S. jobs report released Friday morning sent the grain market on a downward slide in early trading as investors sold off to reduce risk exposure.

In early trading, nearby corn futures traded 5 3/4 lower to $6.08 3/4 per bushel, while nearby soybeans were 9 cents lower at $14.64 1/2 and nearby wheat was 8 1/4 lower at $6.07 1/4, according to Barchart.com.

Friday's disappointing jobs numbers fueled the downturn in the grains and anchored overall bearish pressure from the macroeconomy on the grains sector.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Faces of Agriculture By: 01/27/2015 @ 11:16am (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id))…

Trump: 'Never Give Up' on Farmland… By: 01/27/2015 @ 10:52am He's made a lot of money. He's running for president (probably). He's got a TV…

3 Things to Watch This Morning, Tuesday… By: 01/27/2015 @ 6:30am Crude oil -- and corn futures -- may be nearing a bottom. Grain prices closed mixed Monday and were…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Oil, Corn Nearing Bottom - 3 Things
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]