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

Soybeans seen extending gains Thursday

Updated: 02/27/2014 @ 9:07am

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 +

Video: Early Harvest Weather Could Delay… By: 09/04/2015 @ 12:50pm Combines have been rolling this week in the southern portion of Corn Belt states. However Dan…

Corn, Wheat End Higher Friday By: 09/04/2015 @ 8:47am DES MOINES, Iowa (Agriculture.com)—As the farm markets consider the long Memorial Day weekend…

Wheat Ends 13¢ Lower By: 09/03/2015 @ 9:08am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's corn, soybean, and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Freese-Notis Early Harvest Weather Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]