Home / News / Crops news / Choppy corn, soybean prices seen

Choppy corn, soybean prices seen

11/15/2012 @ 7:31am

The trade is expecting a choppy day of CME Group corn, soybean, and wheat prices, with a quiet overnight and little fresh news Thursday. The USDA Weekly Export Sales Report, normally released on Thursday mornings, is delayed until tomorrow due to the Veteran's Day Holiday.

 

The early calls for the commodities on Thursday, November 15, 2012, are mixed. Corn is seen opening 2 to 4 cents higher, soybeans 5 to 7 cents lower, and wheat 4 to 6 cents higher.


In overnight trading, the December corn futures contract traded 2 cents higher at $7.27 per bushel. January soybean futures traded 6 cents lower at $14.12 per bushel, and December wheat traded 4 cents higher at $8.53. For December soybean meal futures, the contract traded $2.90 per short ton lower at $433.10. December soybean oil futures traded 11 cents higher at $47.78.


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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA: Corn Harvest Is 4% Complete By: 09/15/2014 @ 3:40pm As expected, the U.S. corn and soybean crop condition ratings have been left unchanged from a week…

Corn, Soybeans Close Higher By: 09/15/2014 @ 8:52am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group corn and soybean markets…

Corn, Soybeans to Start Lower Monday By: 09/15/2014 @ 8:10am 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.
Case IH Magnum Rowtrac