Home / News / Crops news / A lower start expected for farm markets

A lower start expected for farm markets

02/06/2013 @ 7:41am

DES MOINES, Iowa (Agriculture.com)--A weak overnight market is expected to have a follow-through affect on the CME Group corn, soybean  and wheat prices Wednesday.

The early calls for the commodities on Wednesday, February 6, 2013, are lower. Corn is seen opening 5-7 cents lower. Soybeans are seen 10-12 cents lower and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 5 cents lower at $7.24 per bushel. March soybean futures traded 11 cents lower at $14.83 per bushel, and March wheat traded 3 cents lower at $7.53. For March soybean meal futures, the contract traded $2.90 per short ton lower at $435.90. March soybean oil futures traded $0.43 cent lower at $52.55. 

The outside markets are not favorable 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
MORE FROM MIKE MCGINNIS more +

Corn Closes Lower, Soybeans Higher By: 09/17/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean and wheat markets have…

Corn Soybeans Seen Mixed Wednesday By: 09/17/2014 @ 7:45am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Corn Settled Slightly Higher By: 09/16/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Science Review, Day Two