Home / Markets / Markets Analysis / Corn market / Lower farm markets expected for midweek

Lower farm markets expected for midweek

02/26/2014 @ 7:49am

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


The early calls for the commodities on Wednesday, February 26, 2014, are mostly weaker. Corn is seen opening 1 to 2 cents lower, soybeans 2 to 4 cents lower, and wheat 2 to 4 cents lower.


In overnight trading, the May corn futures contract traded 1 1/4 cents lower at $4.60 per bushel. May soybean futures traded 4 1/4 cents lower at $13.83. The May wheat futures contract traded 2 1/4 cents lower at $6.15. For May soybean meal futures, the contract traded $4.10 per short ton lower at $449.60; May soybean oil futures traded $0.49 higher at $41.34.


The outside markets are unfavorable for Wednesday'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 Jump Up 7¢ Wednesday By: 05/27/2015 @ 8:58am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn Seen Lower, Soybeans Higher Wednesday By: 05/27/2015 @ 7:31am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

Strong Dollar Pushes Corn, Soybeans To Lower… By: 05/26/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Inverse Grain Market Trends and Wheat Trouble
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]