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 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