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 +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear: The Midwest frost threat is no longer a worry (through early October)…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Science Review, Day Two