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Soybeans, Corn Seen Higher Thursday

03/27/2014 @ 8:00am

The CME Group corn, soybean, and wheat markets are poised to start slightly higher, although traders head to the sidelines ahead of next Monday's Planting Intentions/Quarterly Stocks Report. 

 

The early calls for the commodities on Thurssay, March 27,  2014, are mostly higher. Corn is seen opening 1 to 2 cents higher, soybeans 4 to 6 cents higher, and wheat 1 to 2 cents lower.


In overnight trading, the May corn traded 1 1/4 cents higher at $4.85 per bushel, while the Dec. contract traded unchanged at $4.84.  May soybean futures traded 4 cents higher at $14.44 per bushel, while the Nov. soybean futures are 3 1/4 cents lower at $11.96. May wheat futures traded 3 3/4 cents lower at $6.93.


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


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

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