Home / News / Crops news / Corn, soybean prices seen diverging Monday

Corn, soybean prices seen diverging Monday

09/16/2013 @ 7:43am

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


The early calls for the commodities on Monday, September 16, 2013, are slightly higher. Corn is seen opening 1 to 2 cents higher, soybeans 12 to 14 cents lower, and wheat 1 to 2 cents higher.


In overnight trading, the Dec. corn futures traded 1 cent higher at $4.59 per bushel. The Nov. soybean futures traded 15 1/2 cents lower at $13.66. The Dec. wheat futures contract traded 1 cent higher at $6.42. For Dec. soybean meal futures, the contract traded $6.20 per short ton lower at $436.60; Dec. soybean oil futures traded $0.16 lower at $42.40.

The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the slightly higher overnight markets.

JOIN US: The Successful Farming Marketing Academy

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.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]