Home / Markets / Markets Analysis / Corn market / Corn, soybean prices to jump

Corn, soybean prices to jump

11/06/2012 @ 8:19am

U.S. Election Day and pre-USDA report positioning are the main market drivers expected keep the CME Group corn, soybean and wheat markets higher Tuesday. 

The Early Calls for the commodities on Tuesday, November 6, 2012, are higher. Corn is seen opening 5-7 cents higher, soybeans 13-15 cents higher, and wheat 7-9 cents higher.

In overnight trading, the Dec. corn futures contract traded 5 cents higher at $7.40 per bushel. January soybean futures traded 13 3/4 cents higher at $15.17 per bushel, and Dec. wheat traded 7 3/4 cents higher at $8.73. For Dec. soybean meal futures, the contract traded $3.70 per short ton higher at $472.70. Dec. soybean oil futures traded $0.44 higher at $48.76.

The outside markets are favorable for Tuesday'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 +

Soybeans Close 13¢ Lower By: 09/01/2015 @ 9:20am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn and soybean markets…

Corn, Soybeans to Start September Lower By: 09/01/2015 @ 6:43am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

USDA: Corn, Soybean Crop Conditions Sputter By: 08/31/2015 @ 4:00pm The condition of the U.S. corn crop is having a tough time moving forward, according to the USDA…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]