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

A lower start expected for farm markets

02/06/2013 @ 7:42am

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

Soybeans Close Slightly Higher Monday By: 10/12/2015 @ 9:24am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean market gave back most…

Soybeans Close 4¢ Higher By: 10/09/2015 @ 9:01am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's soybean market closed…

Must-Have Newsletter Launches for Grain… By: 10/08/2015 @ 2:37pm As everyone else tries to predict the next dip, turn, or bubble in the farm markets, Successful…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Innovative Features in the New Can-Am Defender