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 Higher, Corn Lower By: 09/02/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--Crop disease concerns play into the CME Group's soybean…

Corn, Soybeans Seen Starting Higher Tuesday By: 09/02/2014 @ 8:01am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

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