Home / Markets / Markets Analysis / Corn market / Farm markets seen weaker

Farm markets seen weaker

12/17/2013 @ 7:40am

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

The early calls for the commodities on Tuesday, December 17, 2013, are mostly weaker. Corn is seen opening 1-2 cents lower, soybeans 3-5 cents lower, and wheat 1-2 cents higher.

In overnight trading, the March corn futures traded 1/2 of a cent lower at $4.22 per bushel. January soybean futures traded 5 1/2 cents lower  at $13.32. The March wheat futures contract traded 1/4 of a cent higher at $6.22. For March soybean meal futures, the contract traded $3.00 per short ton lower at $426.90; March soybean oil futures traded $0.05 higher at $40.15.

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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]