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 +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear: The Midwest frost threat is no longer a worry (through early October)…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
What is Hybrid Planting?