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 +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear. The Midwest frost threat is no longer a worry, through early October…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, 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.
Improving Soil Health