Home / News / Crops news / Corn, soybean prices seen rising Tuesday

Corn, soybean prices seen rising Tuesday

07/02/2013 @ 7:46am

It looks like Turnaround Tuesday for the CME Group corn, soybean, and wheat markets, as they are seen to lean higher. 


The early calls for the commodities on Tuesday, July 2, 2013, are higher. Corn is seen opening 2 to 4 cents higher, soybeans 2 to 4 cents higher, and wheat 10 to 12 cents higher.


In overnight trading, the September corn futures contract traded 3 cents higher at $5.34 per bushel. December corn futures traded 4 cents higher at $5.05 per bushel. August soybean futures traded 2 cents higher at $14.38. The November soybean futures traded 5 cents higher at $12.48. The September wheat futures contract traded 11 cents higher at $6.66. For August soybean meal futures, the contract traded $2.40 per short ton higher at $435.30. August soybean oil futures traded 14 cents lower at $46.68.


The outside markets are unfavorable for Tuesday'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 +

Wheat Closes 11¢ Lower By: 04/24/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean, and wheat…

Lower Farm Markets Seen For Friday By: 04/24/2015 @ 7:40am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

Soybeans Finish Off Daily Highs By: 04/23/2015 @ 9:04am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's  soybean market rallied…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Disc openers
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]