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Corn, soybean prices to lean lower Thursday

12/12/2013 @ 6:27am

SIOUX FALLS, South Dakota (Agriculture.com)--The CME Group corn, soybean and wheat markets are poised to start lower, following mostly lower overnight prices Thursday. 

The Early Calls for the commodities on Thursday, December 12, 2013, are weaker. Corn is seen opening 1-2 cents lower, soybeans 5-7 cents lower, and wheat 1-2 cents lower.

In overnight trading, the Dec. corn traded 1 cent lower at $4.37 per bushel.  Jan. soybean futures traded 6 3/4 cents lower at $13.37 per bushel. March wheat futures traded 1 1/2 cents lower at $6.39.

The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.

Discuss the corn, soybean and wheat markets in Marketing Talk.

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mark guildenzoph 12/12/2013 @ 1:30pm Wow yesterday we here stock piles are lower and will be lower than expected and the market goes up fractions of a penny. Today down almost a dime in the corn and double that for soybeans because the overnight position. What a joke guess you guys are really covering for your over sales screw the market up again who cares if your wrong you can fix it next month.

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