Home / News / Crops news / Corn, soybean prices to trade higher

Corn, soybean prices to trade higher

02/15/2012 @ 7:39am

With China showing interest in Europe's debt, the CME Group corn, soybean and wheat markets have that outside support to trade higher Wednesday. 

The Early Calls for the commodities on Wednesday, February 15, 2012, are higher. Corn is seen opening 2-4 cents higher, soybeans 7-9 cents higher and wheat 3-5 cents higher.

In overnight trading, the March corn futures contract traded 2 1/4 cents higher at $6.35 3/4 per bushel. March soybean futures traded 8 1/2 cents higher at $12.63 1/2 per bushel, and March wheat traded 3 cents higher at $6.38 1/2. For March soybean meal futures, the contract traded $2.40 per short ton higher at $332.50. March soybean oil futures traded $0.28 higher at $53.30.

The outside markets are favorable for Wednesday'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 +

Soybeans Settle Up 14¢ By: 07/28/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)—On Tuesday, the CME Group soybean market regained some of its…

USDA: Corn Crop Improves, Soybeans Hold… By: 07/27/2015 @ 3:19pm DES MOINES, Iowa (Agriculture.com)—The U.S. corn crop's condition is improving, while the…

Soybeans Close 30¢ Lower By: 07/27/2015 @ 8:52am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group corn, soybean markets closed sharply…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Cost
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]