Home / Markets / Markets Analysis / Corn market / Corn, Soybean Markets to Trade Higher Monday

Corn, Soybean Markets to Trade Higher Monday

05/05/2014 @ 7:36am

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


The early calls for the commodities on Friday, May 5, 2014, are stronger. Corn is seen opening 2 to 4 cents higher, soybeans 1 to 2 cents higher, and wheat 10 to 12 cents higher.


In overnight trading, the July corn futures contract traded 3 cents higher at $5.02 per bushel. July soybean futures traded 3/4 cent higher at $14.71. The July wheat futures contract traded 13 cents higher at $7.30. For July soybean meal futures, the contract traded $1.60 per short ton higher at $482.00; July soybean oil futures traded $0.01 lower at $41.50.


The outside markets are favorable for Monday's grain trade. The real factors driving the calls will be the higher overnight markets.


Discuss the corn, soybean, and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farm Markets Close Higher Wednesday By: 10/01/2014 @ 8:49am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group’s corn, soybean, and wheat…

Corn, Soybean Markets Seen Weaker Wednesday By: 10/01/2014 @ 7:29am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

USDA Bullish Soybean Data Trumped By: 09/30/2014 @ 10:54am As of September 1, the USDA sees the U.S. soybean and corn stocks getting tighter.In its Quarterly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist