Home / Markets / Markets Analysis / Corn market / Higher markets seen Wednesday

Higher markets seen Wednesday

08/28/2013 @ 7:38am

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


The early calls for the commodities on Wednesday, August 28, 2013, are higher. Corn is seen opening 2 to 4 cents higher, soybeans 5 to 7 cents higher, and wheat 1 to 2 cents higher.


In overnight trading, the Sept. corn futures contract traded 2 cents higher at $5.01 per bushel. Dec. corn futures traded 2 cents higher at $4.88 per bushel. Sep. soybean futures traded 5 cents higher at $14.19, while the Nov. soybean futures traded 2 cents higher at $13.72. The Dec. wheat futures contract traded 1 cent higher at $6.64. For Dec. soybean meal futures, the contract traded $0.50 per short ton higher at $430.90; Dec. soybean oil futures traded $0.12 higher at $44.64.


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


JOIN US: The Successful Farming Marketing Academy.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybean, Corn Markets Close Lower By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and corn markets closed lower…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Wheat Closed 13¢ Lower By: 01/28/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)—As the CME Group’s wheat market searched for a low…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Another Day Another Set of Market Factors - 3 Things
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]