Home / Markets / Markets Analysis / Corn market / Corn, Soybean Markets Seen Lower Tuesday

Corn, Soybean Markets Seen Lower Tuesday

07/01/2014 @ 8:11am

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

The early calls for the commodities on Tuesday, July 1, 2014, are weaker. Corn is seen opening 2-4 cents lower, soybeans 10-12 cents lower, and wheat 1-2 cents lower.

In overnight trading, the Dec. corn futures contract traded 4 3/4 cents lower at $4.20 per bushel. Nov. soybean futures traded 13 cents lower at $11.44. The Sep. wheat futures contract traded 1 3/4 cents lower at $5.76. For Dec. soybean meal futures, the contract traded $5.00 per short ton lower at $362.40; Dec. soybean oil futures traded $0.13 lower at $39.02.

The outside markets are unfavorable for Tuesday'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 +

Soybeans Close Higher, Corn Lower By: 08/18/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group soybean market finished…

Corn Market Seen Higher Monday By: 08/18/2014 @ 8:08am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Summing Up a Head-Scratcher of a Grain… By: 08/15/2014 @ 12:46pm Traders end the week the same way they started it, by scratching their heads. Confusion reigned…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Can Corn Catch Fire in September?