Home / Markets / Markets Analysis / Soybeans market / Export sales figures add to grain surge

Export sales figures add to grain surge

Jeff Caldwell 12/22/2011 @ 1:12pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Like college football analyst and former coach Lee Corso is famous for saying: Not so fast, my friend! After it looked like the grains were going to start giving back some of this week's gains, the slide ended, reversing to send the all pits higher at mid-day Thursday.

March corn is trading 6 1/4 cents higher at $6.22 3/4 per bushel, while January soybeans are 11 cents higher at $11.64 3/4 and March wheat is 6 3/4 cents higher at $6.23 3/4, according to Barchart.com.

As in the last few days, the South American weather situation kept the momentum up for the grains, as did better-than-expected weekly grain export sales figures released Thursday morning.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Soybean Stocks Fall Way Below Trade… By: 09/30/2014 @ 11:09am There are far fewer soybeans stored around the U.S. right now than the trade expected, if…

Marestail Worries? How About A Fall… By: 09/29/2014 @ 2:45pm As if fall wasn't busy enough...Putting down a herbicide application this fall could help you…

Weather/Markets Starter: Rain, Frost and… By: 09/29/2014 @ 9:44am The next few days should allow some good harvest progress, but mid-week rains moving through the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist