Home / Markets / Markets Analysis / Soybeans market / Grains higher on possible EU debt deal

Grains higher on possible EU debt deal

Jeff Caldwell 11/28/2011 @ 11:45am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Crude oil and the equities are higher and the U.S. Dollar index is lower, a combination that's keeping the grain trade higher at mid-day, though the trade's given back some of the sharper early gains.

At mid-day, December corn's 7 3/4 cents higher at $5.90 1/4 per bushel while December wheat is 1 1/4 cents higher at $5.75 3/4, according to Barchart.com. January soybeans were 14 1/4 cents higher at $11.20 3/4 per bushel.

"We have had some decent sale figures from the weekend. Equities have been down seven days in a row and I think that the market was thirsty for ANYTHING not negative," says market analyst and ICAP Energy LLC Derivatives Manager Scott Shellady. "The world is soaring on hope this morning."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Soybeans blast off on strong processing data By: 04/15/2014 @ 3:27pm Soybean futures topped out Tuesday above $15/bushel for the first time in quite a while on news…

Farm Debt-to-Asset Ratios Lowest in 20 Years… By: 04/15/2014 @ 2:27pm Farm debt has increased a lot over the last two decades. Bad news, right? At the same time, general…

Corn Planting Sags; Wheat Worries Mount By: 04/15/2014 @ 9:21am Corn planting is underway in the U.S. That's the good news. The bad news is as of mid-April…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine