Home / Markets / Markets Analysis / Corn market / Soybean rally seen continuing Thursday

Soybean rally seen continuing Thursday

03/20/2014 @ 8:18am

On Thursday, the CME Group's soybean market is expected to start mostly lower.


The early calls for the commodities on Thursday, March 20, 2014, are mostly lower. Corn is seen opening 1 to 2 cents lower, soybeans 13 to 15 cents higher, and wheat 3 to 5 cents lower.


In overnight trading, the May corn futures contract traded 12 1/2 cents lower at $4.86 per bushel.


May soybean futures traded 14 3/4 cents higher at $14.46.

 

The May wheat futures contract traded 4 1/4 cents lower at $7.11. For May soybean meal futures, the contract traded $6.40 per short ton higher at $468.40; May soybean oil futures traded $0.06 lower at $42.04.


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


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?