Home / Markets / Markets Analysis / Soybeans market / Grains, Soybeans Take a Mid-Session Dive

Grains, Soybeans Take a Mid-Session Dive

Jordan Anderson 08/20/2014 @ 11:09am Digital Content Editor for Successful Farming magazine and Agriculture.com

Grains and soybeans took a dive going into the mid-session. 

The December corn futures are trading 6 cents lower at $3.66 1/4.

November soybean futures are trading 10 1/2 cents lower at $10.42 1/4.

December wheat futures are 11 1/2 cents lower at $5.47.

Watch for weather to be a factor throughout the week.

“Rains should push across the northwestern and eastern Midwest on a daily basis through the weekend, which will continue to improve moisture for late growth of the soybeans,” says Don Keeney, MDA senior agricultural meteorologist. “Temperatures should turn much warmer across the southwestern Midwest through the weekend, and the warmer temperatures will help accelerate crop growth a bit.”

Higher wheat prices are driven by a lagging harvest, and weather will continue to slow it down. 

“The active rains in the northern Plains and southern Prairies will stall spring wheat drydown and harvesting and will lower quality a bit,” says Keeney.

In the outside markets, the NYMEX crude oil is $.41 per barrel higher, the dollar is higher and the Dow Jones Industrials are 32.15 points higher.

CancelPost Comment

08/20/2014 @ 12:03pm please tell me Mike is finally working at a job he is qualified for like a fried chicken stand.

Report Abuse Reply
MORE FROM JORDAN ANDERSON more +

Rally Continues With Soybean Meal, Oil… By: 11/25/2014 @ 1:54pm Strong support from both soybean meal and soybean oil are keeping the rally going today. At…

Grains, Soybeans Rally Into Midday; SB Up… By: 11/25/2014 @ 11:08am Moving into midday, the grains and soybean markets continue the rally started this…

Soybeans Rebound; Up 13¢ At Open By: 11/25/2014 @ 8:44am Soybeans lost some of the ground gained in the rally late last week, but rebounded right back this…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2