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 +

Corn Falls On "Confusing" EPA… By: 05/29/2015 @ 10:36am With the EPA announcement on a new Renewable Fuels Standard Friday signaling little growth for the…

Corn Ends Lower On EPA News By: 05/29/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market finished lower on…

Corn To Move Slightly Higher Friday By: 05/29/2015 @ 7:32am On Friday, 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.
The 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]