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 +

USDA Data Drops Corn 18¢ Tuesday By: 03/31/2015 @ 10:22am DES MOINES, Iowa (Agriculture.com)—It’s a big surprise from the USDA Tuesday. The U.S…

Corn, Wheat Close 18¢ Lower By: 03/31/2015 @ 8:37am DES MOINES, Iowa  (Agriculture.com)—On Tuesday, a USDA Report that showed greater U.S. corn…

Ahead of USDA, Corn, Soybeans Seen Lower… By: 03/31/2015 @ 7:25am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower. USDA…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]