Home / Markets / Markets Analysis / Corn market / Corn, soybeans end higher

Corn, soybeans end higher

09/11/2013 @ 8:37am

DES MOINES, Iowa (Agriculture.com)--After trading mixed most of the day, the CME Group corn, soybean, and wheat markets finished higher Wednesday.

 

On Thursday, the USDA Crop Production Report will be released at 11 a.m. CT. 

The Dec. corn futures contract settled 4 cents higher at $4.72. The Nov. soybean futures contract closed 3 1/4 cents higher at $13.58. Dec. wheat futures finished 1 1/2 cents higher at $6.48 per bushel. The Dec. soymeal futures finished $2.80 per short ton higher at $428.00. The Dec. soyoil futures closed $0.11 lower at $42.96.  

Tim Hannagan, Walsh Trading Inc. senior grain analyst, says today's trade had little to do with positioning ahead of tomorrow's report.


"Now that crop reports come out at 11:00 a.m. Central, with electronic and pit trading open, traders do not have to get positioned the day prior. This leaves trading narrow and two-sided while traders await report day."


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]