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 +

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?