Home / News / Crops news / Corn, soybean gains to extend Wednesday

Corn, soybean gains to extend Wednesday

07/10/2013 @ 7:30am

A strong week of farm markets is expected to continue, with the CME Group corn, soybean, and wheat prices are seen higher Wednesday.


The early calls for the commodities on Wednesday, July 10, 2013, are higher. Corn is seen opening 5 to 7 cents higher, soybeans 2 to 4 cents higher, and wheat 3 to 5 cents higher.


In overnight trading, the Sept. corn futures contract traded 5 cents higher at $5.57 per bushel. Dec. corn futures traded 5 cents higher at $5.26 per bushel. Aug. soybean futures traded 2 cents higher at $14.70, while the Nov. soybean futures traded 6 cents higher at $12.82. The Sept. wheat futures contract traded 3 cents higher at $6.80. For Aug. soybean meal futures, the contract traded 50 cents per short ton higher at $449.40; Aug. soybean oil futures traded unchanged at $47.02.


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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Chainsaw Accessories
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]