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

Corn, soybean prices to sink

04/16/2012 @ 7:36am

Unfavorable outside markets and a sharply lower overnight trade has the outlook for Monday's CME Group corn, soybean and wheat markets lower.

The Early Calls for the commodities on Monday, April 16, 2012, are weaker. 

Corn is seen opening 7-9 cents lower, soybeans 9-11 cents lower and wheat 6-8 cents lower.

In overnight trading, the July corn futures contract traded 7 1/4 cents lower at $6.13 1/2 per bushel. July soybean futures traded 9 3/4 cents lower at $14.31 per bushel, and July wheat traded 6 3/4 cents lower at $6.23 1/2. For July soybean meal futures, the contract traded $2.40 lower per short ton at $395.40. July soybean oil futures traded $0.52 lower at $56.35.

The outside markets are unfriendly for Monday's grain trade. The real factors driving the calls will be the sharply lower overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

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…

Corn, Soybeans to Start Lower Monday By: 09/15/2014 @ 8:10am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

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