Home / News / Crops news / Corn, soybean markets to dip

Corn, soybean markets to dip

06/13/2012 @ 7:41am

The CME Group corn, soybean and wheat markets will begin the day's trade mostly lower Wednesday.

The Early Calls for the commodities on Wednesday, June 13, 2012, are mostly lower. Corn and soybeans are seen opening 1-2 cents lower, and wheat 5-6 cents higher.

In overnight trading, the July corn futures contract traded 2 3/4 cents  lower at $5.81 1/4 per bushel. July soybean futures traded 1 3/4 cents lower at $14.33 1/4 per bushel, and July wheat traded 5 cents higher at $6.21. For July soybean meal futures, the contract traded $2.30 per short ton lower at $430.70. July soybean oil futures traded $0.14 higher at $49.86.

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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101