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 13¢ 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.
"Turnaround Tuesday" Fades