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 +

Soybeans Close Lower, Wheat Higher By: 08/27/2014 @ 9:03am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean, wheat markets ended…

Soybeans to Edge Higher Wednesday By: 08/27/2014 @ 7:09am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Corn, Soybeans End Lower By: 08/26/2014 @ 9:07am DES MOINES, Iowa (Agriculture.com)--The CME Group corn and soybean markets finished lower…

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