Home / News / Crops news / China to push up farm markets

China to push up farm markets

01/17/2012 @ 7:16am

Stronger China economic news and less-than-needed rain for Argentine crops, positions the CME Group corn, soybeans and wheat prices for a higher start Tuesday. 

The Early Calls for the commodities on Tuesday, January 17, 2012, are stronger. Corn is seen opening 8-10 cents higher, soybeans 16-18 cents higher, and wheat 8-10 cents higher.

In overnight trading, the March corn futures contract traded 8 1/2 cents higher at $6.08 per bushel. March soybean futures traded 18 3/4 cents higher at $11.77 per bushel, and March wheat traded 8 1/4 cents higher at $6.101/4. For March soybean meal futures, the contract traded $4.20 per short ton higher at $305.70. March soybean oil futures traded $0.77 higher at $51.06.

The outside markets are favorable 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 +

USDA: Corn, Soybean Crop Conditions Sputter By: 08/31/2015 @ 4:00pm The condition of the U.S. corn crop is having a tough time moving forward, according to the USDA…

Corn, Soybeans End Higher Monday By: 08/31/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean market turnaround…

Corn, Soybeans Seen Lower Monday By: 08/31/2015 @ 6:21am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]