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 +

Drought's Assault Continues in… By: 07/24/2014 @ 9:06am Though it hasn't rained in parts of corn and soybean country in a few weeks, the drought has…

Malaysian Airliner Crash in Ukraine Sends… By: 07/17/2014 @ 2:34pm Wheat futures took off Thursday afternoon to close double-digits higher after news that officials…

Wheat Takes The Reins To Trade Sharply By: 07/17/2014 @ 1:13pm The bouncing around continues in the grain markets, with a quick, sharp turnaround in the wheat…

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