Declining crop conditions have markets moving higher.
Grain futures continued their recovery in the night session as heavy rains and declining crop conditions have the markets moving higher. Corn was up 3 cents a bushel while wheat and corn are up 6 cents a bushel.
In wheat, heavy rains from Tropical Storm Bill will push through Eastern...
Monday brought a new week of intense selling pressure in the grains and Tuesday’s overnight trade found only a modest recovery from the lows established the day before. In night trade, wheat was up 4, corn was up 2, and nearby soybeans posted a 5 cent advance.
In the overnight session the grains were mostly unchanged with corn down 1 ½ cents, soybeans down ¼ cents and wheat up 1 ¼ cents going into this morning’s pause. The U.S. dollar is up .3 percent and crude oil is trading lower by 73 cents.
In the overnight session the grains are continuing lower with corn down a penny, soybeans down 3 ¾ cents and wheat trading down 5 ½ cents. Crude oil is trading lower and the U.S. dollar is higher by over ¾ of a percent this morning.
Traders will be eyeing the June WASDE report scheduled to be released at 11 AM CST
In the overnight session the grains traded higher with soybeans up 4 1/2 cents, wheat up 2 1/2 cents and corn unchanged this morning. The U.S. dollar is helping grains this morning, trading down nearly 1/2 a percent. Crude oil is trading higher by $1.28 this morning after the EIA raised its...