News and analysis on the global poultry
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on December 7, 2011

Corn, soybean futures rise on falling prices

Increased demand expected from meat, food, fuel processors

Corn futures for March delivery rose 0.9% on December 6, to $5.965 a bushel, up from a two-month low on speculation that prices that have fallen 20% since September 1 will increase demand from meat, food and fuel processors. 

Similarly, soybean futures for January delivery rose 0.3%, to $11.295 a bushel. “Prices have fallen so much since September that there is a little bit of buying beginning to surface” from U.S. fuel and meat producers, said Dave Marshall, a farm marketing adviser for Toay Commodity Futures Group LLC. Corn prices dropped 6% in November, while soybeans dropped 7.1%.

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