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 +

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]