Home / News / Crops news / Grains give back early gains

Grains give back early gains

11/10/2011 @ 10:11am

US grain and soybean futures are lower, reversing initial advances, as other markets trim gains of their own after Wednesday's broad selloff. Corn remains the strongest leg in the grain complex, with firm cash markets and tighter supply forecasts buoying prices, analysts say.

They add wheat and soybeans lack the fundamental wherewithal to sustain price strength amid the lack of a threatening supply outlook. CBOT December corn is down 2c at $6.54/bushel, off its session high of $6.60, while December wheat falls 7 1/4c to $6.35 3/4 and January soy drops 7c to $11.78 1/2.

Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com
(END) Dow Jones Newswires
November 10, 2011 10:52 ET (15:52 GMT)
DJ MARKET TALK: Grain, Soy Slip As Outside Markets Trim Gains->copyright

CancelPost Comment

More Pig Losses Seen, Smithfield Says By: 05/14/2014 @ 7:55am The swine industry is struggling to contain a deadly virus that's sweeping U.S. hog farms…

Senators Turn Up Heat on Railroad Companies By: 05/13/2014 @ 11:39am Four Midwestern U.S. senators add their voices to a growing chorus of farmers, ethanol producers…

Summary of Friday's WASDE Report By: 05/09/2014 @ 2:53pm The following table is provided as a service to Wall Street Journal subscribers in conjunction…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Ageless Iron TV: Tractors at War