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 +

USDA to Show Record Soybean Plantings? By: 03/30/2015 @ 1:46pm Will the biggest USDA report of the year show that U.S. farmers will plant more soybeans than ever…

Wheat Closes 22¢ Higher Monday By: 03/30/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)—On Monday, a risk-on mentality, poor wheat weather, and…

Corn, Soybeans to Edge Higher Monday By: 03/30/2015 @ 7:27am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start higher. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]