Home / Markets / Markets Analysis / Wheat market / Wheat closes lower; corn, bean gains trimmed

Wheat closes lower; corn, bean gains trimmed

Jeff Caldwell 04/13/2011 @ 3:02pm Agricultural content creator and marketer.

The grains pulled back from sharper gains earlier in the session to close mixed on Wednesday.

At the end of Wednesday's session, nearby corn futures were 3 cents higher at $7.55 1/2 per bushel, while nearby soybeans were 3 3/4 cents higher at $13.33 1/2. Wheat ended the day 6 3/4 cents lower.

Corn and soybeans remained on the plus side Wednesday based mostly on continued tight supply concerns for corn as well as a weather forecast that isn't the greatest for spring planting in the Corn Belt. On the other hand, wheat stumbled Wednesday because of "initial advances on improved weather outlooks for winter wheat crops and sluggish export demand," according to a Dow Jones Newswires report.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

USDA Trims Soybean Crop, Stocks; Wheat Crop… By: 06/10/2015 @ 11:11am A smaller soybean crop, a slightly corn crop and a larger wheat crop. That's what USDA…

The [A] List: 3 Big Things This Morning… By: 06/02/2015 @ 6:32am Grains trading higher; crop conditions highest we'll see this year?Grain prices were mixed…

Corn Planting Hits 95% Completion -- USDA By: 06/01/2015 @ 4:04pm For all intents and purposes, corn planting is wrapped up for this year. As of Sunday, only 5% of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Cost
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]