Home / Markets / Markets Analysis / Corn market / Farm Markets To Extend Losses Wednesday

Farm Markets To Extend Losses Wednesday

Updated: 07/09/2014 @ 9:13am

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


The early calls for the commodities on Wednesday, July 9, 2014, are weaker. Corn is seen opening 2 to 4 cents lower, soybeans 7 to 9 cents lower, and wheat 1 to 2 cents lower.


In overnight trading, the Dec. corn futures contract traded 2 1/4 cents lower at $4.01 per bushel. Nov. soybean futures traded 7 1/4 cents lower at $11.09. The Sep. wheat futures contract traded 2 cents lower at $5.54. For Dec. soybean meal futures, the contract traded $1.70 per short ton lower at $355.60; Dec. soybean oil futures traded $0.28 lower at $37.69.


The outside markets are unfavorable for Wednesday'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 +

USDA: Corn, Soybean Crop Conditions Sputter By: 08/31/2015 @ 4:00pm The condition of the U.S. corn crop is having a tough time moving forward, according to the USDA…

Corn, Soybeans End Higher Monday By: 08/31/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean market turnaround…

Corn, Soybeans Seen Lower Monday By: 08/31/2015 @ 6:21am On Monday, 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.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]