Home / Markets / Markets Analysis / Corn market / Corn Seen Slightly Higher Wednesday

Corn Seen Slightly Higher Wednesday

05/14/2014 @ 7:49am

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 14, 2014, are  leaning weaker. Corn is seen opening 1 to 2 cents higher, soybeans 4 to 6 cents lower, and wheat 3 to 5 cents lower.


In overnight trading, the July corn futures contract traded 1/4 cent higher at $5.03 per bushel. July soybean futures traded 4 1/4 cents lower at $14.79. The July wheat futures contract traded 3 3/4 cents lower at $7.05. For July soybean meal futures, the contract traded $3.20 per short ton lower at $481.50; July soybean oil futures traded $0.26 higher at $41.47.


The outside markets are favorable 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 +

Weak Start To Corn, Soybean Trading Tuesday By: 09/23/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean and wheat…

Soybeans Seen Trading Slightly Higher By: 09/23/2014 @ 7:45am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear: The Midwest frost threat is no longer a worry (through early October)…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
What is Hybrid Planting?