Home / News / Crops news / US grain, soy bounce with outside markets

US grain, soy bounce with outside markets

05/09/2011 @ 8:04am

US grain and soybean futures were higher overnight, managing to bounce from last week's declines on spillover support from outside markets.

Weakness in the dollar, higher crude oil and precious metal futures rekindle buying interest amid ideas last week's declines were overdone. Wheat futures led the advances, as the threat of further winter wheat production losses in the plains due to warm, dry weather buoyed prices.

Otherwise, futures garnered additional support from traders covering some recently sold positions ahead of Wednesday's USDA crop reports. CBOT July wheat was up 17 1/4c at $7.76 3/4 a bushel, July corn was up 10 1/4c at $6.96 1/2, and July soybeans were up 8 1/2c at $13.34 1/2. (andrew.johnsonjr@dowjones.com)

Call us at (212) 416-3100 or email patrick.sullivan@dowjones.com

(END) Dow Jones Newswires

May 09, 2011 08:46 ET (12:46 GMT)

DJ MARKET TALK: US Grain, Soy Bounce With Outside Markets->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

CME Ups Soybean Price Limit to $1 By: 04/23/2014 @ 10:15am CME Group Inc. plans to change the way it sets one-day price limits in the trading of corn, soybean…

Ukraine's farmers miss benefits of… By: 04/23/2014 @ 10:07am Wheat prices in Ukraine in the local currency the hryvnia have hit a historic high due to…

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline