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Corn, soy prices to dip

01/18/2012 @ 7:08am

Following the overnight trade, the CME Group corn, soybeans and wheat prices could see a lower start Wednesday.

The Early Calls for the commodities on Wednesday, January 18, 2012, are lower. Corn is seen opening 4-6 cents lower, soybeans 8-10 cents lower, and wheat 5-7 cents lower.

In overnight trading, the March corn futures contract traded 4 1/2 cents lower at $5.99 3/4 per bushel. March soybean futures traded 9 3/4 cents lower at $11.73 3/4 per bushel, and March wheat traded 4 cents lower at $6.00 3/4. For March soybean meal futures, the contract traded $2.80 per short ton lower at $307.70. March soybean oil futures traded $0.36 lower at $50.41.

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


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


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