Home / Markets / Markets Analysis / Corn market / Farm markets to fall Wednesday

Farm markets to fall Wednesday

02/06/2013 @ 7:43am

DES MOINES, Iowa (Agriculture.com)--A weak overnight market is expected to have a follow-through affect on the CME Group corn, soybean  and wheat prices Wednesday.

The early calls for the commodities on Wednesday, February 6, 2013, are lower. Corn is seen opening 5-7 cents lower. Soybeans are seen 10-12 cents lower and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 5 cents lower at $7.24 per bushel. March soybean futures traded 11 cents lower at $14.83 per bushel, and March wheat traded 3 cents lower at $7.53. For March soybean meal futures, the contract traded $2.90 per short ton lower at $435.90. March soybean oil futures traded $0.43 cent lower at $52.55. 

The outside markets are not favorable 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 +

Corn Ends Up, Soybeans Lower By: 04/22/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--Talk of another investment bank exiting commodities aided in…

Corn, Soybean Prices to Track Higher Tuesday By: 04/22/2014 @ 8:03am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans, Wheat Drop Double-Digits By: 04/21/2014 @ 11:52am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline