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

Soybeans Drop 10¢ Thursday By: 10/08/2015 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's corn and soybean markets…

Trade Eyes Acreage Cuts in Friday's… By: 10/07/2015 @ 1:57pm DES MOINES, Iowa (Agriculture.com)—The farm markets will get a new ‘number’ to trade Friday…

Soybeans, Corn Finish Mixed Wednesday By: 10/07/2015 @ 8:45am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn and soybean markets…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Freese Notis Midwest Weather Outlook