Home / News / Crops news / Corn market to stay flat-to-lower

Corn market to stay flat-to-lower

02/27/2012 @ 7:37am

A weaker trade is expected for the CME Group corn, soybean and wheat markets Monday.

The Early Calls for the commodities on Monday, February 27, 2012, are lower. Corn is seen opening 5-7 cents lower, soybeans 2-4 cents lower and wheat 3-5 cents lower.

In overnight trading, the May corn futures contract traded 5 1/2 cents lower at $6.38 1/2 per bushel. May soybean futures traded 3/4 of a cent lower at $12.86 per bushel, and May wheat traded 4 3/4 cents lower at $6.36 1/2. For May soybean meal futures, the contract traded $1.10 per short ton higher at $337.30. May soybean oil futures traded $0.25 lower at $54.40.

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

Tom White, FuturesRoad.net market analyst and CME GRoup corn pit trader, says that technically little has changed from last week.  

"The corn market still trades within the parameters of a triangle and volatility indicators become tighter.  The market remains flat.  We don’t have anything definitive to add at this point but think that volatility should soon pick up," White says.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybean Market Closes 18¢ Lower By: 03/02/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean and wheat markets…

Soybeans, Wheat Markets Seen Up Monday By: 03/02/2015 @ 7:21am On Monday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Port Strike Spotlights Corn, Soybean Export… By: 02/27/2015 @ 4:41pm The West Coast dockworkers slowdown that ended a week ago has highlighted new concerns for the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Brazilian Rain and US Planting Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]