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

Corn, soybean prices to dip

09/04/2013 @ 7:30am

On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start lower.


The early calls for the commodities on Wednesday, September 4, 2013, are lower. Corn is seen opening 5 to 7 cents lower, soybeans 12 to 14 cents lower, and wheat 3 to 5 cents lower.


In overnight trading, the Sept. corn futures contract traded 5 cents lower at $4.92 per bushel. Dec. corn futures traded 4 cents lower at $4.70 per bushel. Sep. soybean futures traded 16 cents lower at $14.19, while the Nov. soybean futures traded 15 cents lower at $13.71. The Dec. wheat futures contract traded 3 cents lower at $6.44. For Dec. soybean meal futures, the contract traded $6.80 per short ton lower at $432.10; Dec. soybean oil futures traded $0.15 lower at $44.04.


The outside markets are favorable for Wednesday'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 +

Soybeans Close Higher, Corn Lower By: 09/02/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--Crop disease concerns play into the CME Group's soybean…

Corn, Soybeans Seen Starting Higher Tuesday By: 09/02/2014 @ 8:01am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Crop Disease Concerns