Home / Markets / Markets Analysis / Soybeans market / Grains rise on bullish outside news

Grains rise on bullish outside news

Jeff Caldwell 11/29/2011 @ 10:15am Multimedia Editor for Agriculture.com and Successful Farming magazine.

There's not much fundamental news to trade on for corn and soybeans Tuesday morning, and the resulting focus on outside factors has the grains trading in the black.

In early trading, December corn is 3/4 of a cent higher at $5.92 1/2 per bushel, January soybeans are 4 1/4 higher at $11.25 1/4 and December wheat is 3 1/4 higher at $5.78, according to Barchart.com.

The slightly higher start is derived mostly from traders' confidence in looking at positive outside factors, namely a debt resolution deal for Italy, traders say. That bullish sentiment is broad-based, with the crude oil and equities markets starting higher. The Dow Jones Industrial Average is almost 50 points higher and nearby NYMEX crude oil is just over $1 higher, nearing $100/barrel.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Monday… By: 03/02/2015 @ 6:27am Brazilian rain delays could fuel higher soybean prices today. It's been bone-dry in much of…

All Around #Classic15: Commodity Classic… By: 02/27/2015 @ 2:42pm Temperatures are about 50 to 70 degrees warmer in Phoenix, Arizona, than they are in much of corn…

From #Classic15: Comodity Group, USDA… By: 02/27/2015 @ 2:24pm Labeling is a hot topic on the consumer-facing side of the food and feed production industry. Now…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Brazilian Rain and US Planting Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]