Home / Markets / Markets Analysis / Soybeans market / Soybeans shine in early trading

Soybeans shine in early trading

Jeff Caldwell 12/05/2012 @ 10:05am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Soybean futures have surged in early trading on renewed fears about the damage Mother Nature's doing to crop prospects in South America.

In early open-outcry trading Wednesday morning, March corn is 1 1/2 cents higher at $7.53 1/2 per bushel while January soybeans are 12 1/4 higher at $14.67 3/4 and March wheat's 3/4 cent higher at $8.57 1/4.

As has been the case in the last few days, corn and wheat futures have had trouble finding much upward momentum on a lack of any fresh news, namely regarding export sales prospects. Meanwhile, continued heavy rainfall in Argentina has soybean plantings delayed there, in turn putting more pressure on the U.S. to raise a larger crop to fulfill world needs.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Friday… By: 01/30/2015 @ 6:35am Grains seen 'quietly' moving higher Friday. The overnight session saw the grain markets…

3 Things to Watch This Morning, Thursday… By: 01/29/2015 @ 6:18am Another day, another set of market factors hitting the grains. The grain markets are lower heading…

Farm Operating Loans on the Rise -- Fed By: 01/28/2015 @ 2:50pm The switch has been flipped.A couple of years ago, farm lending for big-ticket purchases -- fueled…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Senator Grassley and his Mower
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]