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 +

Soybeans Close Day, Month On A Rally By: 10/31/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)—A buying frenzy, at the close Friday, pushed up the CME Group…

Lower Farm Markets Seen For Friday By: 10/31/2014 @ 8:13am On Friday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes