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
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.
Improving Soil Health