Home / Markets / Markets Analysis / Corn market / Higher Corn, Soybean Prices Seen Tuesday

Higher Corn, Soybean Prices Seen Tuesday

05/20/2014 @ 7:31am

On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start higher.


The early calls for the commodities on Tuesday, May 20, 2014, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 7 to 9 cents higher, and wheat 8 to 10 cents higher.


In overnight trading, the July corn futures contract traded 1 cent higher at $4.78 per bushel. July soybean futures traded 7 cents higher at $14.92. The July wheat futures contract traded 8 cents higher at $6.82. For July soybean meal futures, the contract traded $4.20 per short ton higher at $494.70; July soybean oil futures traded $0.14 lower at $40.28.


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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farm Markets Open to the Downside Thursday By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)--On Thursday, the early CME Group trading of corn, soybean…

Corn, Wheat To Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?