Home / News / Crops news / Grains, soy stumble overnight

Grains, soy stumble overnight

09/01/2011 @ 8:22am

US grain and soybean futures stumbled overnight and poised to follow that theme in day session trading, as traders bank profits on strong gains scored in August.

Weak economic data out of Europe led to lower prices in world financial markets, and subsequently enticed traders to reduce risk exposure in grain futures, analyst say.

However, declines remain limited by threat of tightening grain supplies in 2012, analysts add.

CBOT Dec corn was down 1% at $7.59 3/4/bushel; Dec wheat down 1.5% at $7.79 1/2; Nov soy dropped 0.8% to $14.46. (andrew.johnsonjr@dowjones.com)

(END) Dow Jones Newswires

September 01, 2011 08:48 ET (12:48 GMT)

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.
Cool Tools Christmas Edition: Part 2