Home / News / Crops news / Corn, soybean markets seen stronger Thursday

Corn, soybean markets seen stronger Thursday

01/30/2014 @ 7:53am

On Thursday, the CME Group's corn, soybean and wheat markets are expected to start sharply higher.

The early calls for the commodities on Thursday, January 30 2014, are higher. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents higher, and wheat 2-4 cents higher.

In overnight trading, The March corn futures contract traded 3 cents higher at $4.30. The March soybean futures contract traded 3 cents higher at $12.72. March wheat futures traded 3 3/4 cents higher at $5.55 per bushel. The March soymeal futures contract traded $0.20 per short ton lower at $423.10. The March soyoil futures traded $0.11 higher at $37.21. 

In the outside markets, the Brent crude oil is $0.05 per barrel lower, the dollar is higher and the Dow Jones Industrials are seen higher. The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the stronger overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Ends Lower, Soybeans Mixed By: 04/17/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group corn markets closed lower, soybeans…

Mixed farm markets seen Thursday By: 04/17/2014 @ 8:05am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybeans Close 17¢ Higher By: 04/16/2014 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, wheat markets came…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather