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Corn, soybean markets to drop Wednesday

02/13/2013 @ 7:43am

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.

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