Home / Markets / Markets Analysis / Corn market / Farm Markets Seen Higher Thursday

Farm Markets Seen Higher Thursday

08/28/2014 @ 6:41am

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


The early calls for the commodities on Thursday, August 28, 2014, are stronger. Corn is seen opening 2 to 4 cents higher, soybeans 4 to 6 cents higher, and wheat 10 to 12 cents higher. In overnight trading, the Dec. corn futures contract traded 2 1/4 cents higher at $3.67 per bushel. Nov. soybean futures traded 4 1/2 cents higher at $10.28. The Dec. wheat futures contract traded 10 1/2 cents higher at $5.72. 


For Dec. soybean meal futures, the contract traded $1.80 per short ton higher at $346.00; Dec. soybean oil futures traded $0.08 higher at $32.89.


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear. The Midwest frost threat is no longer a worry, through early October…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Improving Soil Health