Home / Markets / Markets Analysis / Wheat market / Wheat worries push grains higher

Wheat worries push grains higher

Jeff Caldwell 12/03/2012 @ 9:45am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Crop weather problems around the world -- especially as they pertain to a struggling wheat crop in some key growing regions -- are helping drive CME Group grain futures to big gains early in Monday's trading session.

As of 9:26 AM CST, the March corn futures contract was trading 9 cents higher at $7.61 3/4 per bushel while January soybeans were at $14.57 1/2, 18 3/4 cents higher. March wheat was 10 3/4 cents higher at $8.74 1/4.

Start-of-month technical buying and renewed export demand in the wheat trade, as well as growing anxiety about crop weather from South America to eastern Europe are largely behind the upward move in the grains that began in the overnight session and is spilling over into Monday's open outcry session.


Sign up for our Market Email Alerts!

 

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Will You Plant Corn Late? Here Are 5 Tips to… By: 04/23/2014 @ 11:59am There's mounting evidence to support the idea that this spring might be a repeat of last…

Corn Planting Slumps Forward -- USDA By: 04/22/2014 @ 8:13am Corn planting remains behind the normal pace, though a weather window may be opening this week to…

Drought Cuts Southern California Water… By: 04/21/2014 @ 2:53pm The drought is bad in the nation's center. Crops are hurting, and there's a lot of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Waiting For the Planting Window