Home / Markets / Markets Analysis / Soybeans market / Soybeans climb out of the red

Soybeans climb out of the red

Jeff Caldwell 10/13/2011 @ 10:09am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Things have turned around in the soybean pit, but wheat and corn futures continue to sag in early trading Thursday.

In early trading, nearby corn futures are 11 1/2 cents lower at $6.29 1/4 per bushel, while nearby wheat is 15 cents lower at $6.11 3/4, according to Barchart.com. Nearby soybeans managed to slip into the black, trading 3/4 cent higher at $12.40 1/4 per bushel.

Corn slumped despite the news that China has purchased another 900,000 tons of corn, adding to a 1.5-million-metric-ton corn buy earlier this week. Some analysts say this one won't be the last purchase in the next few days, according to a Dow Jones Newswires report.

And, soybeans have turned higher despite growing concerns about the world economy, which analysts say have sent investment money out of the grains and back into safe havens like the U.S. Dollar Index.


CancelPost Comment
MORE FROM JEFF CALDWELL more +

Planting Date, Yield Implications & What… By: 05/22/2015 @ 2:22pm Most of this year's corn crop is planted. But, the remaining acres may not be the easiest to…

Weekend Market Volatility, Planting Nerves:… By: 05/22/2015 @ 1:13pm Long Weekend Can Mean Market VolatilityAfter several corn and soybean contracts mad new lows this…

The [A] List: 3 Big Things This Morning… By: 05/22/2015 @ 6:22am Wheat's leading the way headed into Friday's trade.Though there are some technical…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]