Home / Markets / Markets Analysis / Corn market / Corn, soybean markets to drop Wednesday

Corn, soybean markets to drop Wednesday

02/13/2013 @ 7:42am

DES MOINES, Iowa (Agriculture.com)--A lower level of CME Group corn, soybean and wheat trading is expected Wednesday.

The early calls for the commodities on Wednesday, February 13, 2013, are lower. Corn is seen opening 5-7 cents lower. Soybeans are seen 7-9 cents lower and wheat 7-9 cents lower.

In overnight trading, the March corn futures contract traded 6 cents lower at $6.90 per bushel. March soybean futures traded 9 cents lower at $14.11 per bushel, and March wheat traded 7 cents lower at $7.24. For March soybean meal futures, the contract traded $2.40 per short ton lower at $407.90. March soybean oil futures traded $0.34 cent lower at $50.76. 

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 +

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

Corn, Soybeans to Move Lower Friday By: 07/25/2014 @ 7:41am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101