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Lower Farm Markets Seen Wednesday

09/03/2014 @ 7:34am

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


The early calls for the commodities on Wednesday, September 3, 2014, are weaker. Corn is seen opening 1 to 2 cents lower, soybeans 4 to 6 cents lower, and wheat 4 to 6 cents lower. 


In overnight trading, the Dec. corn futures contract traded 3 1/4 cents lower at $3.60 per bushel. Nov. soybean futures traded 6 cents lower at $10.26. The Dec. wheat futures contract traded 6 1/4 cents lower at $5.48.

 

For Dec. soybean meal futures, the contract traded $2.30 per short ton lower at $357.70; Dec. soybean oil futures traded $0.06 lower at $32.06.


The outside markets are favorable 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.

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09/03/2014 @ 9:24am Actually the lower markets are due to you complete morons of the cbot.

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