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

Soybeans seen extending gains Wednesday

03/19/2014 @ 7:40am

On Wednesday, the CME Group's soybean market is expected to start higher.


The early calls for the commodities on Wednesday, March 19, 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 1/4 cent lower at $4.85 per bushel. May soybean futures traded 15 1/4 cents higher at $14.34. The May wheat futures contract traded 3 cents lower at $6.89. For May soybean meal futures, the contract traded $4.60 per short ton higher at $460.40; May soybean oil futures traded $0.32 higher at $42.59.


The outside markets are unfavorable for Wednesday's grain trade. The real factors driving the calls will be the mixed overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 13¢ Lower Tuesday By: 11/18/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)—Acting like a ‘turnaround Tuesday’, the CME Group soybean…

Soybeans Seen Slightly Higher Tuesday By: 11/18/2014 @ 6:36am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Higher Monday By: 11/17/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group soybean market closed higher, with…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2