Home / News / Crops news / A command performance for corn?

A command performance for corn?

04/30/2013 @ 7:03am

After reaching its daily 'limit up' mark yesterday, a wetter forecast for the eastern Corn Belt and colder temperatures for the western Corn Belt continue to provide support for the CME Group corn market Tuesday.

  

The early calls for the commodities on Tuesday, April 30, 2013, are mostly higher. Corn is seen opening 5 to 7 cents higher, soybeans 10 to 12 cents higher, and wheat 1 to 2 cents lower.


In overnight trading, the July corn futures contract traded 5 cents higher at $6.65 per bushel. July soybean futures traded 10 cents higher at $14.19 per bushel, and July wheat traded 1 cent lower at $7.16. For July soybean meal futures, the contract traded $5.50 per short ton higher at $421.90. January soybean oil futures traded 5 cents higher at $49.56.


The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.


Discuss the corn, soybean, and wheat markets in Marketing Talk.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Ends Up, Soybeans Lower By: 04/22/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--Talk of another investment bank exiting commodities aided in…

Corn, Soybean Prices to Track Higher Tuesday By: 04/22/2014 @ 8:03am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans, Wheat Drop Double-Digits By: 04/21/2014 @ 11:52am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline