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

Corn, soybean prices to rise

06/05/2012 @ 7:29am

The CME Group corn, soybean and wheat markets are poised to trade higher Tuesday. 

The Early Calls for the commodities on Tuesday, June 4, 2012, are higher. Corn is seen opening 1-2 cents higher, soybeans 8-10 cents higher, and wheat 1-2 cents higher.

In overnight trading, the July corn futures contract traded 1 cent  higher at $5.70 per bushel. July soybean futures traded 10 cents higher at $13.50 per bushel, and July wheat traded 1/4 of a cent higher at $6.28. For July soybean meal futures, the contract traded $4.30 per short ton higher at $400.40. March soybean oil futures traded $0.08 higher at $48.39.

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 +

Corn, Soybean Markets Reverse Lower By: 07/22/2014 @ 9:17am DES MOINES, Iowa (Agriculture.com)--After starting higher, the CME Group corn, soybean and wheat…

Stronger Farm Markets Seen Tuesday By: 07/22/2014 @ 7:41am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

USDA Confirms Ideal Crop Conditions By: 07/21/2014 @ 8:36am DES MOINES, Iowa (Agriculture.com)--Ideal crop weather sent CME Group soybean futures to a…

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