Home / Markets / Markets Analysis / Corn market / Soybeans to Edge Higher Wednesday

Soybeans to Edge Higher Wednesday

08/27/2014 @ 7:09am

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, August 27, 2014, are mostly weaker. Corn is seen opening 1 to 2 cents lower, soybeans 3 to 5 cents higher, and wheat 1 to 2 cents lower. In overnight trading, the Dec. corn futures contract traded 2 1/4 cents lower at $3.62 per bushel. Nov. soybean futures traded 3 3/4 cents higher at $10.31. The Dec. wheat futures contract traded 1/4 cent lower at $5.56. 


For Dec. soybean meal futures, the contract traded $2.00 per short ton higher at $345.50; Dec. soybean oil futures traded $0.02 higher at $33.19.


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 +

USDA Bullish Soybean Data Trumped By: 09/30/2014 @ 10:54am As of September 1, the USDA sees the U.S. soybean and corn stocks getting tighter.In its Quarterly…

Corn, Soybean Markets Dip Tuesday By: 09/30/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean, and wheat…

Corn, Soybeans to Drop Tuesday By: 09/30/2014 @ 8:01am On Tuesday, 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.
Pre-Harvest Checklist