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
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Corn dips to end a 'horrible' trading week Friday, April 5
MORE FROM JEFF CALDWELL more +

8 cover crop tips for a cool spring By: 04/04/2013 @ 9:14am A year ago, farmers around the nation were already in the field planting the 2012 corn crop. But ...

Young farmers & large farms may mix -- ... By: 04/03/2013 @ 7:38am Young farmers typically face an uphill climb in getting a foothold in row crop agriculture ...

Corn acres dodging 2012 drought areas By: 04/03/2013 @ 7:24am This year's corn acres are seemingly dodging the areas where drought hit farmers hardest in ...