Home / Markets / Markets Analysis / Corn market / Corn Seen Higher, Soybeans Lower Wednesday

Corn Seen Higher, Soybeans Lower Wednesday

05/07/2014 @ 7:50am

On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly lower.

The early calls for the commodities on Wednesday, May 7, 2014, are  weaker. Corn is seen opening 2-4 cents higher, soybeans 3-5 cents lower, and wheat 1-2 cents lower.

In overnight trading, the July corn futures contract traded 1 1/4 cents higher at $5.18 per bushel. July soybean futures traded 5 cents lower at $14.54. The July wheat futures contract traded 2 1/2 cents lower at $7.36. For July soybean meal futures, the contract traded $2.40 per short ton lower at $475.10; July soybean oil futures traded $0.10 higher at $41.21.

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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Falls On "Confusing" EPA… By: 05/29/2015 @ 10:36am With the EPA announcement on a new Renewable Fuels Standard Friday signaling little growth for the…

Corn Ends Lower On EPA News By: 05/29/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market finished lower on…

Corn To Move Slightly Higher Friday By: 05/29/2015 @ 7:32am On Friday, 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 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]