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Grain prices higher on follow-through today

Grain prices higher on follow-through today

Grain markets are higher this morning with corn reaching a one- to two-week high. Grains bounced up this week after everyone was jittery last week in anticipation of the USDA report, said John Payne of Daniels Trading Division of Stonex.

Crude oil is making a new multi-week high this morning, and with weakness in the dollar, this is providing some outside-market support, especially for corn. Also today, the weekly ethanol stats will be out, Total Farm Marketing said this morning.

Driven by drought conditions in western Canada, Canadian farmers are projected to produce less soybeans, wheat, canola, barley and oats but more corn in 2021 than in 2020, according to Statistics Canada production crop summary report released Tuesday.

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The corn market is moving higher on follow-through from yesterday and overnight, with gains limited from bigger crop ideas and increased harve…

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Economic concerns out of China are “giving many commodities a ‘risk off’ feel to start the week,” Total Farm Marketing said.

“Talk of smaller-than-expected yield results in Illinois this week amid firm demand has helped elevate prices off of last Friday’s fresh 5-mon…

Corn prices were higher overnight as there is “uncertainty of crop size and increased demand,” Ami L. Heesch of CHS Hedging said. “Early harve…

Corn futures are down 34 cents since last Friday’s close heading into a 3-day holiday weekend. “The contract’s 200-day moving average at $5.03…

Chicago soybean futures start the new week with double digit losses, amid broad commodity selling, Brugler Marketing said this morning.

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