Home / News / Crops news / Corn, soybean prices seen higher Wednesday

Corn, soybean prices seen higher Wednesday

10/17/2012 @ 6:26am

The CME Group corn, soybean and wheat markets are expected to find higher ground Wednesday, after liquidation occurred early in the week. 


The early calls for the commodities on Wednesday, October 17, 2012, are higher. Corn is seen opening 6 to 8 cents higher, soybeans 3 to 5 cents higher, and wheat 6 to 8 cents higher.


In overnight trading, the December corn futures contract traded 4 1/4 cents higher at $7.42 per bushel. November soybean futures traded 3 1/2 cents higher at $14.97 per bushel, and December wheat traded 5 cents higher at $8.53. For December soybean meal futures, the contract traded $0.20 per short ton lower at $452.60. December soybean oil futures traded 36 cents lower at $50.83.


The outside markets are mostly favorable for Wednesday'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 +

Corn, Soybeans End Lower By: 08/26/2014 @ 9:07am DES MOINES, Iowa (Agriculture.com)--The CME Group corn and soybean markets finished lower…

Lower Corn, Soybean Markets Seen Tuesday By: 08/26/2014 @ 7:26am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close Higher, Corn Lower By: 08/18/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group soybean market finished…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Crop Ratings Weigh on Farm Markets