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 +

Soybean Stocks Fall Way Below Trade… By: 09/30/2014 @ 11:09am There are far fewer soybeans stored around the U.S. right now than the trade expected, if…

Marestail Worries? How About A Fall… By: 09/29/2014 @ 2:45pm As if fall wasn't busy enough...Putting down a herbicide application this fall could help you…

Weather/Markets Starter: Rain, Frost and… By: 09/29/2014 @ 9:44am The next few days should allow some good harvest progress, but mid-week rains moving through the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist