Home / Markets / Markets Analysis / Corn market / Tuesday grains starting lower

Tuesday grains starting lower

08/30/2011 @ 8:44am

The pre-opening prices for the CME Group grain commodities for Tuesday, August 30, 2011 are lower. Corn is seen opening 4-6 cents lower, soybeans 4-6 cents lower and wheat down 3-5 cents.  

In overnight electronic trading, the Dec. corn futures contract traded 6 cents lower at $7.64 per bushel. The Nov. soybean futures contract traded 6 cents lower at $14.41 per bushel. The Dec. wheat futures contract traded 6 cents lower at $7.89. For Dec. soymeal futures, the contract traded $2.40 lower at $384.00 and Dec. soyoil $0.44 lower at $58.14.

The outside markets are not supportive for Tuesday's grain trade. The real factors driving the calls are the lower overnight markets.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Low Markets For Years? By: 09/12/2014 @ 10:40am With estimates of record-large crops and the largest corn and soybean ending stocks in nearly a…

Soybeans End Higher, Corn Lower By: 09/12/2014 @ 8:49am DES MOINES, Iowa (Agriculture.com)-- With the governmental data showing big crops ahead, a bearish…

Farm Markets Seen Mixed Friday By: 09/12/2014 @ 7:18am 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.
Case IH Magnum Rowtrac