Home / Markets / Markets Analysis / Corn market / Corn, Soybeans to Trade Higher Wednesday

Corn, Soybeans to Trade Higher Wednesday

08/13/2014 @ 7:49am

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


The early calls for the commodities on Wednesday, August 13, 2014, are mostly stronger. Corn is seen opening 1 to 2 cents higher, soybeans 2 to 4 cents higher, and wheat 4 to 5 cents higher. In overnight trading, the Dec. corn futures contract traded 1 3/4 cents higher at $3.70 per bushel. Nov. soybean futures traded 2 3/4 cents higher at $10.62. The Sep. wheat futures contract traded 4 cents higher at $5.42. For Dec. soybean meal futures, the contract traded $2.00 per short ton higher at $345.50; Dec. soybean oil futures traded $0.11 lower at $34.87.


The outside markets are favorable for Wednesday'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 +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, 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.
Chainsaw Accessories
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]