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Grains turn higher at mid-day Wednesday

Jeff Caldwell 12/21/2011 @ 11:35am Multimedia Editor for Agriculture.com and Successful Farming magazine.

After an overnight trade and start to Wednesday spent in the red, the grains have rebounded and are trading higher at mid-day.

At mid-day, March corn has moved 4 1/4 cents higher to $6.11 1/4 per bushel, January soybeans are 5 1/2 higher at $11.50 and March wheat is 4 1/4 higher at $6.12, according to Barchart.com.

The reversal comes after a lower start to Wednesday's trade after word of much-needed rainfall in the corn- and soybean-growing regions of Argentina and southern Brazil. But, crop concerns there linger despite the moisture, as many forecasts call for a return to crop-stressing weather soon.


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Soybeans Rally on Demand, Weather