Home / Markets / Markets Analysis / Soybeans market / SB, Wheat Up; Crop Progress Slow

SB, Wheat Up; Crop Progress Slow

Jordan Anderson 08/27/2014 @ 11:23am Digital Content Editor for Successful Farming magazine and Agriculture.com

DES MOINES, Iowa (Agriculture.com) -- At midsession, soybeans and wheat climb slightly while corn drops. 

At 11 a.m., the December corn futures are trading 2 cents lower at $3.63.

November soybean futures are down 3 cents at $10.25.

December wheat futures are 1 1/4 cents higher at $5.57 3/4.

In the outside markets, the crude oil is $0.04 per barrel higher to $93.90, the dollar is lower, and the Dow Jones Industrials are up 10.08 points to 17,166.78.

The pressure is on as spring wheat is in the second slowest harvest in 24 years.

USDA Crop Progress Report states that North Dakota spring wheat is only 10% done, and Minnesota was only 22% harvested as of Sunday, states Allan Brugler, president of Brugler Marketing & Management.

Corn isn't any further ahead of the ball game. 

"North Dakota, South Dakota, Minnesota, Wisconsin, Michigan, Colorado, and Pennsylvania are all states under 20% dented, and are behind their respective five-year averages by an average of 11.5 points," says Brugler.

CancelPost Comment
MORE FROM JORDAN ANDERSON more +

Build Your Beef Herd to Boost Your Profits By: 09/23/2014 @ 1:56pm Beef prices are stacking up to all-time highs. Consumers are not only paying more for beef at the…

Close of Monday Markets: Bad Day for Beans By: 09/22/2014 @ 1:47pm Soybeans closed out with yet another double-digit drop to $9.38. The December corn futures are…

Soybeans Drop Another 20 Cents at Midsession By: 09/22/2014 @ 11:46am Soybeans started out the week with a double-digit dive and dropped another 20 cents moving into the…

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