Home / Markets / Markets Analysis / Corn market / Grains look to open Tuesday lower

Grains look to open Tuesday lower

03/12/2013 @ 8:38am

CHICAGO, Illinois (Agriculture.com)--It looks like 'Turnaround Tuesday' for the CME Group farm markets, as a lower trade is expected.

The early calls for the commodities on Tuesday, March 12, 2013, are lower. Corn is seen opening 1-2 cents lower. Soybeans are seen 3-5 cents lower and wheat 1-2 cents lower.

In overnight trading, the May corn futures contract traded 1 cent lower at $7.11 per bushel. May soybean futures traded 5 cents lower at $14.74 per bushel, and May wheat traded 2 cents lower at $6.97. For May soybean meal futures, the contract traded $1.10 per short ton lower at $436.90. May soybean oil futures traded $0.25 cents lower at $50.19.

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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA to Show Record Soybean Plantings? By: 03/30/2015 @ 1:46pm Will the biggest USDA report of the year show that U.S. farmers will plant more soybeans than ever…

Wheat Closes 22¢ Higher Monday By: 03/30/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)—On Monday, a risk-on mentality, poor wheat weather, and…

Corn, Soybeans to Edge Higher Monday By: 03/30/2015 @ 7:27am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start higher. The…

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]