Home / News / Crops news / Corn, soybean prices to dip

Corn, soybean prices to dip

06/21/2012 @ 7:34am

The CME Group corn, soybean and wheat markets are poised to trade lower Thursday. 

The Early Calls for the commodities on Thursday, June 21, 2012, are lower. Corn is seen opening 5-7 cents lower, soybeans 6-8 cents lower, and wheat 3-5 cents lower.

In overnight trading, the July corn futures contract traded 7 cents lower at $6.04 3/4 per bushel. July soybean futures traded 8 1/2 cents lower at $14.38 per bushel, and July wheat traded 5 1/2 cents lower at $6.58 1/2. For July soybean meal futures, the contract traded $0.90 per short ton lower at $426.50. July soybean oil futures traded $0.60 lower at $50.21.

The outside markets are unfavorable for Thursday'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 +

Soybean Rally Rolls On Wednesday By: 04/16/2014 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean market rally continues.At…

Soybeans to Surge Double-Digits Wednesday By: 04/16/2014 @ 7:55am The CME Group corn, soybean, and wheat markets are poised to start mostly higher.   The…

Soybeans, wheat end up double-digits By: 04/15/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group soybean market closed double-digits…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine