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 Agricultural content creator and marketer.

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
MORE FROM JEFF CALDWELL more +

USDA Trims Soybean Crop, Stocks; Wheat Crop… By: 06/10/2015 @ 11:11am A smaller soybean crop, a slightly corn crop and a larger wheat crop. That's what USDA…

The [A] List: 3 Big Things This Morning… By: 06/02/2015 @ 6:32am Grains trading higher; crop conditions highest we'll see this year?Grain prices were mixed…

Corn Planting Hits 95% Completion -- USDA By: 06/01/2015 @ 4:04pm For all intents and purposes, corn planting is wrapped up for this year. As of Sunday, only 5% of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Cost
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]