Home / News / Crops news / Corn, soybean markets to rise Thursday

Corn, soybean markets to rise Thursday

Updated: 11/08/2012 @ 3:56pm

With follow-through from overnight trading, the CME Group corn, soybean, and wheat markets are expected to start floor trading higher at 9:30 a.m. CT Thursday. 


Other factors that the market will consider today are the USDA Weekly Export Sales to be released at 7:30 a.m. CT and the USDA November Production and Supply/Demand Reports looming Friday.


The early calls for the commodities on Thursday, November 8, 2012, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 4 to 6 cents higher, and wheat 2 to 4 cents higher.


In overnight trading, the December corn futures contract traded 1/2 cent lower at $7.45 per bushel. November soybean futures traded 4 cents higher at $15.11 per bushel, and December wheat traded 2 cents higher at $8.96. For December soybean meal futures, the contract traded $1.20 per short ton higher at $470.70. December soybean oil futures traded 17 cents higher at $48.79.


The outside markets are mostly favorable for Thursday'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 +

Soybeans Surge Higher Thursday By: 08/27/2015 @ 8:53am On Thursday, the CME Group's soybean market has jumped up double-digits to start the…

Soybeans Seen Moving Up Double-Digits… By: 08/27/2015 @ 6:12am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 12¢ Lower By: 08/26/2015 @ 8:36am DES MOINES, Iowa (Agriculture.com)--After trading higher, the CME Group's corn, soybean, and…

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

FREE MEMBERSHIP!

CLOSE [X]