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Weekly grain report

Mid-weekly rally helps grains

Byron Behne watches the grain markets for the Odessa Union Warehouse.

12/14/11: Things got ugly pretty quickly last Wednesday as the crude oil and gold markets tanked and took the rest of the commodity sector with them. The euro tanked on further concerns over the state of the European economy, as Germany indicated it was unwilling to increase its commitment to the region’s bailout fund. The only grain news floating around at all is mild concern about a drying weather pattern in South America potentially affecting soy and corn crops, but it’s way too early to get too concerned about that.

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