Home / Markets / Markets Analysis / Wheat market / Soybeans, Corn Roll Down; Wheat Up

Soybeans, Corn Roll Down; Wheat Up

Jordan Anderson 08/19/2014 @ 11:45am Digital Content Editor for Successful Farming magazine and Agriculture.com

"Rain in the forecast puts a cloud over commodity prices," says Scott Shellady, senior contributor to Marketing Talk on Agriculture.com and SVP at TJM Investments. "Improving weather patterns has the sellers out today."

At the midsession, corn and soybeans continue to drop while wheat moves back up. 

December 2014 corn futures are down 3/4 cent at $3.70 3/4. 

November soybean futures are trading 11 3/4 cents lower at $10.46. 

September 2013 wheat futures are up 10 1/4 cents at $5.52 3/4.

"The best way to describe a market like that is the reason it is going up is that there is no good reason for it NOT to go up," explains Shellady. "It is that time of year with big(ish) moves on little volume as most use these waning weeks for holiday."

CancelPost Comment
MORE FROM JORDAN ANDERSON more +

Exports Sent Soybeans Soaring Up 30 Cents By: 10/23/2014 @ 2:16pm Big export sales drove soybeans up another 30 cents to close Thursday.At the close, December corn…

Soybeans Up 17 Cents At Mid-day By: 10/23/2014 @ 11:24am At mid-day, the December corn futures are trading 4 3/4 cents higher at $3.57 3/4 per…

Higher-Than-Expected Soybean Exports Driving… By: 10/23/2014 @ 8:46am At the open, the December corn futures are trading 2 1/2 cents higher at $3.55 1/2 per…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?