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

Grains look to open Tuesday lower

03/12/2013 @ 8:39am

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

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter