Home / Markets / Markets Analysis / Corn market / Monday looks bullish for the grains

Monday looks bullish for the grains

Jeff Caldwell 12/19/2011 @ 9:11am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The grains look to start the week before Christmas on a positive note, with corn, soybeans and wheat called to open Monday's trade higher, sources say.

Overnight trading saw the grains heading sharply higher: Nearby corn was 12 1/2 cents higher at $5.95 1/2 per bushel, while nearby soybeans were 17 cents higher at $11.47 and nearby wheat was 9 1/2 higher at $5.93, according to Barchart.com.

It's likely going to be a slow trading week, as is typically the case in the week leading up to Christmas. But, what trading does go on will be focused on the hot, dry crop weather in South America, according to ICAP Energy LLC Derivatives Manager Scott Shellady.

"Hot and dry in South America. I'm sure you all knew that already but in the interest of being on top of things, I have to state the obvious," he said Monday morning. "Quiet holiday week markets are also difficult sells."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

What About a One-Year Fixed Cash Land Lease? By: 11/25/2014 @ 12:08pm Don't want to lock into a multiyear fixed cash land lease, but don't want to commit to…

Get Ready For Your Next Iron Auction By: 11/25/2014 @ 9:19am Heading to a machinery auction soon? Don't go in unprepared! Used equipment prices have…

Despite Moderation, Hog Profit… By: 11/25/2014 @ 7:22am The hog market has been a good place to be in the last year. Live hog prices in the last few months…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2