Home / Markets / Markets Analysis / Corn market / Corn to drop another 30¢, Monday

Corn to drop another 30¢, Monday

04/01/2013 @ 7:44am

DES MOINES, Iowa (Agriculture.com)--Due to follow-through from Thursday's bearish USDA Reports, to start this week, the CME Group corn, soybean and wheat markets are seen sharply lower Monday.

The early calls for the commodities on Monday, April 1, 2013, are sharply lower. Old-crop corn is seen opening 30-32 cents lower. Old-crop soybeans are seen 17 cents lower and wheat 6-8 cents lower.

In overnight trading, the May corn futures contract traded 34 cents (4.7%) lower at $6.61 per bushel. May soybean futures traded 17 cents lower at $13.87 per bushel, and May wheat traded 6 cents lower at $6.81. For May soybean meal futures, the contract traded $4.70 per short ton lower at $399.90. May soybean oil futures traded $0.56 cents lower at $49.55.

The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the sharply lower overnight markets.


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


CancelPost Comment

try billions 04/01/2013 @ 10:38am it's not millions-it's billions of dollars that farmers lost in the last 2 days.

Report Abuse Reply

Re: Re: try billions 04/01/2013 @ 11:57am you are correct not that any of these people care.

Report Abuse

try billions 04/01/2013 @ 10:38am it's not millions-it's billions of dollars that farmers lost in the last 2 days.

Report Abuse Reply

try billions 04/01/2013 @ 10:38am it's not millions-it's billions of dollars that farmers lost in the last 2 days.

Report Abuse Reply

try billions 04/01/2013 @ 10:38am it's not millions-it's billions of dollars that farmers lost in the last 2 days.

Report Abuse Reply

try billions 04/01/2013 @ 10:38am it's not millions-it's billions of dollars that farmers lost in the last 2 days.

Report Abuse Reply
MORE FROM MIKE MCGINNIS more +

Soybeans Close Higher, Corn Lower By: 08/18/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group soybean market finished…

Corn Market Seen Higher Monday By: 08/18/2014 @ 8:08am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Summing Up a Head-Scratcher of a Grain… By: 08/15/2014 @ 12:46pm Traders end the week the same way they started it, by scratching their heads. Confusion reigned…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Can Corn Catch Fire in September?