Home / Markets / Markets Analysis / Corn market / Soybeans Seen Higher, Corn Lower Wednesday

Soybeans Seen Higher, Corn Lower Wednesday

04/02/2014 @ 7:32am

On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly lower.


The early calls for the commodities on Wednesday, April 2, 2014, are 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 2 1/4 cents lower at $5.05 per bushel. May soybean futures traded 5 1/2 cents higher at $14.90. The May wheat futures contract traded 9 3/4 cents lower at $6.75. For May soybean meal futures, the contract traded $0.30 per short ton lower at $482.40; May soybean oil futures traded $0.65 higher at $42.05.


The outside markets are favorable for Wednesday'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 +

Corn Falls On "Confusing" EPA… By: 05/29/2015 @ 10:36am With the EPA announcement on a new Renewable Fuels Standard Friday signaling little growth for the…

Corn Turns Lower On EPA News By: 05/29/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market turns lower on EPA…

Corn To Move Slightly Higher Friday By: 05/29/2015 @ 7:32am On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]