Home / News / Crops news / Corn looks to open higher

Corn looks to open higher

04/10/2013 @ 7:30am

DES MOINES, Iowa (Agriculture.com)--The CME Group corn market is looking at a fourth day of higher trading, while soybean and what markets could drop Wednesday.

Most of the day's price movement will be based upon the USDA Supply/Demand Report to be released at 11:0am CT.

The early calls for the commodities on Wednesday, April 10, 2013, are mostly lower.

In overnight trading, the May corn futures contract traded 1 cent higher at $6.45 per bushel. May soybean futures traded 1 cent lower at $13.94 per bushel, and May wheat traded 3 cents lower at $7.06. For May soybean meal futures, the contract traded $1.00 per short ton lower at $393.80 May soybean oil futures traded $0.04 cents higher at $50.02.

The outside markets are favorable for Wednesday's grain trade. The real factors driving the calls will be the USDA's Report and the mostly lower overnight markets.


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



CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close Day, Month On A Rally By: 10/31/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)—A buying frenzy, at the close Friday, pushed up the CME Group…

Lower Farm Markets Seen For Friday By: 10/31/2014 @ 8:13am On Friday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes