Home / Markets / Markets Analysis / Soybeans market / Corn, soybeans to slump Tuesday

Corn, soybeans to slump Tuesday

12/18/2012 @ 7:24am

Profit-taking has the CME Group soybean market looking weaker Tuesday, with corn and wheat to follow. 

The Early Calls for the commodities on Tuesday, December 18, 2012, are lower. Corn is seen opening 5-7 cents lower, soybeans 18-20 cents lower, and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 5 cents lower at  $7.18 per bushel. Jan. soybean futures traded 20 cents lower at $14.76 per bushel, and March wheat traded 3 cents lower at $8.05. For Jan. soybean meal futures, the contract traded $7.10 per short ton lower at $448.30. Jan. soybean oil futures traded $0.27 lower at $49.52.

The outside markets are mildly favorable for Tuesday'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 +

Soybean, Wheat Prices Close Higher By: 07/31/2014 @ 8:35am DES MOINES, Iowa (Agriculture.com)-- The CME Group soybean and wheat markets end higher, corn lower…

Soybeans Seen Higher Thursday By: 07/31/2014 @ 7:02am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Rangebound Corn Market Ends Higher By: 07/30/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group corn and wheat markets stayed…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Markets Trade in Narrow Range