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

Corn, soybean markets to sink

03/22/2012 @ 7:16am

A lower overnight trade is signaling the same kind of prices for the CME Group corn, soybean and wheat day session Thursday. China's weak manufacturing report has all commodities falling. 

The Early Calls for the commodities on Thursday, March 22, 2012, are lower. 

Corn is seen opening 3-4 cents lower, soybeans 8-10 cents lower and wheat 3-5 cents lower.

In overnight trading, the July corn futures contract traded 3 3/4 cents lower at $6.37 1/2 per bushel. July soybean futures traded 8 3/4 cents lower at $13.53 1/4 per bushel, and July wheat traded 2 3/4 cents lower at $6.43. For July soybean meal futures, the contract traded $2.30 per short ton lower at $368.60. July soybean oil futures traded $0.32 lower at $54.44.

The outside markets are not favorable for Thursday'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.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Falls On "Confusing" EPA… By: 05/29/2015 @ 10:36am With the EPA announcement on a new Renewable Fuels Standard Friday signaling little growth for the…

Corn Turns Lower On EPA News By: 05/29/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market turns lower on EPA…

Corn To Move Slightly Higher Friday By: 05/29/2015 @ 7:32am On Friday, 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.
The 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]