Home / Markets / Markets Analysis / Corn market / Soybeans to try extending gains Tuesday

Soybeans to try extending gains Tuesday

02/12/2013 @ 7:26am

DES MOINES, Iowa (Agriculture.com)--A mixed trade is expected for the CME Group corn, soybean  and wheat prices Tuesday. 

The early calls for the commodities on Tuesday, February 12, 2013, are mixed. Corn is seen opening 5-7 cents lower. Soybeans are seen 3-5 cents higher and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 5 cents lower at $6.97 per bushel. March soybean futures traded 3 cents higher at $14.35 per bushel, and March wheat traded 2 cents lower at $7.39. For March soybean meal futures, the contract traded $1.20 per short ton higher at $414.20. March soybean oil futures traded $0.15 cent higher at $51.39. 

The outside markets are favorable for Tuesday'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, Soybeans End Lower Tuesday By: 01/27/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)—On Tuesday, the CME Group’s corn, soybean and wheat markets…

Corn, Soybean Prices Seen Higher Tuesday By: 01/27/2015 @ 7:34am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 10¢ Higher Monday By: 01/26/2015 @ 8:56am DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group’s soybean market is gained support…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Oil, Corn Nearing Bottom - 3 Things
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]