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 +

Corn Settled Slightly Higher By: 09/16/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

USDA: Corn Harvest Is 4% Complete By: 09/15/2014 @ 3:40pm As expected, the U.S. corn and soybean crop condition ratings have been left unchanged from a week…

Corn, Soybeans Close Higher By: 09/15/2014 @ 8:52am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group corn and soybean markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Case IH Magnum Rowtrac