Home / Markets / Markets Analysis / Corn market / Thursday grain trade starting lower

Thursday grain trade starting lower

Jeff Caldwell 12/29/2011 @ 7:33am Agricultural content creator and marketer.

Just like they led all grains higher earlier in the week, soybeans are now leading all grains lower.

Early calls for the grains are corn 2 cents lower to 2 cents higher, wheat 3-5 cents lower and soybeans 8-10 lower, according to private sources. 

In overnight trading, March corn was 1/2 cent lower at $6.43 per bushel, March wheat was 3 1/4 cents lower at $6.48 and January soybeans, leading the downturn, were 9 3/4  cents lower at 11.88 1/2, according to Barchart.com.

The deflating prices continue as profit-taking trips up the grains from sharp gains earlier in the week on the crop weather stress situation in South America. Tuesday's trade saw soybeans soar almost 37 cents per bushel by the closing bell, but since then, gains have been trimmed by profit-taking and spreading, analysts and traders say.

On top of that, there are rainfall chances in the forecast for parts of Brazil, though expected rainfall totals will fall short of an inch, one forecast says, and that's well short of what the crops need.

CancelPost Comment

USDA Trims Soybean Crop, Stocks; Wheat Crop… By: 06/10/2015 @ 11:11am A smaller soybean crop, a slightly corn crop and a larger wheat crop. That's what USDA…

The [A] List: 3 Big Things This Morning… By: 06/02/2015 @ 6:32am Grains trading higher; crop conditions highest we'll see this year?Grain prices were mixed…

Corn Planting Hits 95% Completion -- USDA By: 06/01/2015 @ 4:04pm For all intents and purposes, corn planting is wrapped up for this year. As of Sunday, only 5% of…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter