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 +

Farm Markets Remain Lower Thursday By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets remain under selling pressure…

Corn, Wheat To Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?