Home / Markets / Markets Analysis / Corn market / Wednesday's Farm Markets Seen Lower

Wednesday's Farm Markets Seen Lower

07/02/2014 @ 7:48am

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


The early calls for the commodities on Wednesday, July 2, 2014, are weaker. Corn is seen opening 2 to 4 cents lower, soybeans 1 to 2 cents lower, and wheat 1 to 2 cents lower.


In overnight trading, the Dec. corn futures contract traded 2 1/4 cents lower at $4.20 per bushel. Nov. soybean futures traded 1 3/4 cents lower at $11.45. The Sep. wheat futures contract traded 1 cent lower at $5.71. For Dec. soybean meal futures, the contract traded $0.80 per short ton higher at $362.90; Dec. soybean oil futures traded $0.20 lower at $38.77.


The outside markets are unfavorable for Wednesday'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

07/02/2014 @ 8:40am Golly gee Mike we sure all do enjoy you"re reports and videos. What a fantastic job you all do, what a breath of fresh air the cbot and usda are,have a super duper day.

Report Abuse Reply
MORE FROM MIKE MCGINNIS more +

Wheat Closes 27¢ Lower, Corn Slightly By: 07/01/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean, and wheat…

Corn, Soybean, Wheat Markets Seen Lower… By: 07/01/2015 @ 7:44am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

Trade Responds to USDA Bullish Data By: 06/30/2015 @ 10:40am DES MOINES, Iowa (Agriculture.com)—The amount of U.S. corn and soybean acres planted in 2015 has…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]