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 +

Soybeans Trade Slightly Higher Friday By: 10/31/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)—The CME Group corn, soybean and wheat markets trade mostly…

Lower Farm Markets Seen For Friday By: 10/31/2014 @ 8:13am On Friday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes