Home / News / Crops news / Corn, soybean prices seen falling

Corn, soybean prices seen falling

11/30/2012 @ 7:26am

End-of-month selling, threats of the Mississippi River closing to barge traffic, and increased soybean production estimates, all combine to pressure the CME Group corn, soybean and wheat markets Friday. 

The Early Calls for the commodities on Friday, November 30, 2012, are lower. Corn is seen opening 2-4 cents lower, soybeans 12-14 cents lower, and wheat 7-9 cents lower.

In overnight trading, the March corn futures contract traded 2 cents lower at $7.56 per bushel. Jan. soybean futures traded 11 cents lower at $14.36 per bushel, and March wheat traded 6 cents lower at $8.79. For Jan. soybean meal futures, the contract traded $3.50 per short ton lower at $432.30. Jan. soybean oil futures traded $0.21 lower at $49.91.

The outside markets are favorable for Friday'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 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