Credit: Shutterstock photoDecember corn is trading 2 1/2 cents higher near 7:30 am CST. The corn market bounced at the 5 pm, Sunday night open after soybeans surged to new contract highs following Friday's release of lower than expected soybean yields by a large crop tour last week. Grain markets are also seeing support from higher energy markets and fears that Tropical Storm Isaac will damage row crops in the southeast and Delta. European and Asian stock markets were flat to slightly lower after worse than expected economic data was released. The US Dollar is trading slightly lower against the Euro which is offering marginal support to US Commodities.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
