Home / Markets / Markets Analysis / Soybeans market / Grains look to start lower Wednesday

Grains look to start lower Wednesday

Jeff Caldwell 12/21/2011 @ 7:47am Multimedia Editor for Agriculture.com and Successful Farming magazine.

After 2 days of higher trading, corn, soybean and wheat futures look to start Wednesday's session on the lower side after a bearish overnight trade.

Early calls for the grains are corn 2-4 lower, soybeans 5-7 lower and wheat 4-6 lower, according to private sources.

In overnight trading, March corn slipped 3 3/4 cents to $6.03 1/4 per bushel, while March wheat was 4 1/2 lower at $6.03 1/4, according to Barchart.com. January soybeans fell 3 3/4 cents to $11.38 per bushel.

Despite the lower overnight trade and expected open Wednesday, traders say the slide will likely be short-lived, with continued bullish outside and fundamental factors. "Price action over the past couple of days tells me there is no real interest in bringing the price down significantly," says Agriculture.com Marketing Talk senior contributor NCcorntrader. "Likely going to hold overnight and look for continued buying interest through [Wednesday]."

CancelPost Comment

Just me or are we in a drought 12/21/2011 @ 8:39am I posted this a few weeks back, but just thought I would ask, is anyone else concerned about our moisture levels?

Report Abuse Reply
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Be careful what you wish for
MORE FROM JEFF CALDWELL more +

Think you need to replant corn? By: 05/23/2013 @ 7:24am Corn planted early this spring faced something of a tough go getting started because of cool, wet ...

Land, rates, and the Fed By: 05/22/2013 @ 8:47am It's been widely documented that interest rates and farmland values are fairly closely tied ...

Keep your eye to the sky By: 05/21/2013 @ 11:01am Severe weather's suddenly gone from a sporadic spring occurrence to a national headline. But ...