Home / Markets / Markets Analysis / Corn market / Lower Corn, Soybean Markets Seen Monday

Lower Corn, Soybean Markets Seen Monday

06/09/2014 @ 8:05am

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


The early calls for the commodities on Monday, June 9, 2014, are weaker. Corn is seen opening 4 to 5 cents lower, soybeans 3 to 5 cents lower, and wheat 1 to 2 cents lower.


In overnight trading, the July corn futures contract traded 4 3/4 cents lower at $4.54 per bushel. July soybean futures traded 3 1/4 cents lower at $14.53. The July wheat futures contract traded 1 3/4 cents lower at $6.17. For July soybean meal futures, the contract traded $7.10 per short ton lower at $480.50; July soybean oil futures traded $0.40 higher at $39.41.


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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

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?