Home / News / Crops news / Argentine rains drop grains

Argentine rains drop grains

01/10/2012 @ 6:51am

With rain falling in the dry areas of Argentina, the CME Group corn, soybeans and wheat prices are seen pulling back Tuesday. 

The Early Calls for the commodities on Tuesday, January 10, 2012, are weaker. Corn is seen opening 1-2 cents lower, soybeans 7-9 cents lower, and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 1 cent lower at $6.50 1/2 per bushel. March soybean futures traded 7 cents lower at $12.26 per bushel, and March wheat traded 3 cents lower at $6.38. For March soybean meal futures, the contract traded $2.20 per short ton lower at $321.00. March soybean oil futures traded $0.17 lower at $52.16.

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


Discuss 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