Home / Markets / Markets Analysis / Corn market / Lower Farm Markets Seen Tuesday

Lower Farm Markets Seen Tuesday

Updated: 05/06/2014 @ 10:08am

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

The early calls for the commodities on Tuesday, May 6, 2014, are weaker. Corn is seen opening 2 to 4 cents lower, soybeans 10 to 12 cents lower, and wheat 1 to 2 cents lower.

In overnight trading, the July corn futures contract traded 2 3/4 cents lower at $5.05 per bushel. July soybean futures traded 14 1/2 cents lower at $14.48. The July wheat futures contract traded 3/4 lower at $7.25. For July soybean meal futures, the contract traded $5.70 per short ton lower at $473.00; July soybean oil futures traded $0.09 higher at $41.26.

The outside markets are favorable for Tuesday'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

EPA Raises RFS Volume Requirements By: 11/30/2015 @ 2:14pm DES MOINES, Iowa (Agriculture.com)—On Monday, the Environmental Protection Agency announced it…

Soybeans, Corn End Higher Monday By: 11/30/2015 @ 8:59am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn and soybean markets closed…

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…

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