Home / Markets / Markets Analysis / Corn market / Soybeans seen extending gains Thursday

Soybeans seen extending gains Thursday

02/27/2014 @ 7:56am

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


The early calls for the commodities on Thursday, February 27, 2014, are mostly weaker. Corn is seen opening 2 to 4 cents lower, soybeans 5 to 7 cents higher, and wheat 5 to 7 cents lower.


In overnight trading, the May corn futures contract traded 3 1/4 cents lower at $4.57 per bushel. May soybean futures traded 7 3/4 cents higher at $14.04. The May wheat futures contract traded 7 cents lower at $5.98. For May soybean meal futures, the contract traded $2.40 per short ton higher at $456.10; May soybean oil futures traded $0.16 lower at $41.30.


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.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans End Up, Lose Big Gains By: 07/24/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Thursday, while the CME  Group soybean market gave back…

Soybeans To Extend Gains Thursday By: 07/24/2014 @ 7:10am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Demand, Weather