Home / News / Crops news / Corn, soybeans limit-up at mid-day

Corn, soybeans limit-up at mid-day

Jeff Caldwell 10/08/2010 @ 11:24am Agricultural content creator and marketer.

Propelled by Friday morning's bullish USDA Crop Production numbers, corn and soybeans remain locked limit-up at mid-day, while the wheat trade has backed off slightly.

At mid-day, nearby corn remains locked at $5.28 1/4 per bushel, up the 30-cent daily trading limit that triggers the lock, while nearby soybeans locked up at $11.35 per bushel, up the 70-cent limit. Only nearby wheat -- at 55 3/4 cents higher per bushel -- is trading at mid-day.

Friday's USDA report trimmed yields for both U.S. corn and soybeans, fueling the big-time bullish move in the trade that analysts say should have some staying power through the remainder of fall, into the winter and possibly up until the planters roll next spring.



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.
Freese-Notis Early Harvest Weather Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]