Home / Markets / Markets Analysis / Corn market / Corn seen down, soybeans up

Corn seen down, soybeans up

02/20/2013 @ 7:43am

DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean market is expected to extend this week's rally. Meanwhile, corn and wheat prices are seen flat-to-lower.

The early calls for the commodities on Wednesday, February 20, 2013, are mostly lower. Corn is seen opening 1-2 cents lower. Soybeans are seen 17-19 cents higher and wheat 1-2 cents lower.

In overnight trading, the March corn futures contract traded 1 cent lower at $6.94 per bushel. March soybean futures traded 12 cents higher at $14.82 per bushel, and March wheat traded 1 cent lower at $7.31. For March soybean meal futures, the contract traded $5.50 per short ton higher at $430.80. March soybean oil futures traded $0.01 cents lower at $52.52. 

The outside markets are unfavorable for Wednesday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]