Home / Markets / Markets Analysis / Corn market / Corn, soybeans to start higher

Corn, soybeans to start higher

01/30/2014 @ 7:56am

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

The early calls for the commodities on Thursday, January 30 2014, are higher. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents higher, and wheat 2-4 cents higher.

In overnight trading, The March corn futures contract traded 3 cents higher at $4.30. The March soybean futures contract traded 3 cents higher at $12.72. March wheat futures traded 3 3/4 cents higher at $5.55 per bushel. The March soymeal futures contract traded $0.20 per short ton lower at $423.10. The March soyoil futures traded $0.11 higher at $37.21. 

In the outside markets, the Brent crude oil is $0.05 per barrel lower, the dollar is higher and the Dow Jones Industrials are seen higher. The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the stronger overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]