Home / Markets / Markets Analysis / Corn market / Weaker farm markets seen for Thursday

Weaker farm markets seen for Thursday

02/20/2014 @ 7:45am

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

The early calls for the commodities on Thursday, February 20, 2014, are weaker. Corn is seen opening 1 to -2 cents lower, soybeans 5 to 7 cents lower, and wheat 1 to 2 cents lower.

In overnight trading, the March corn futures contract traded 2 cents lower at $4.51 per bushel. May soybean futures traded 7 cents lower at $13.34. The May wheat futures contract traded 2 cents lower at $6.11. For May soybean meal futures, the contract traded $3.60 per short ton lower at $432.90; May soybean oil futures traded $0.11 higher at $40.63.

The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the lower overnight markets.

Discuss the corn, soybean, and wheat markets in Marketing Talk.

CancelPost Comment

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June