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Corn, soybean recovery Tuesday

10/16/2012 @ 6:21am

The CME Group corn, soybean and wheat markets will attempt a recovery to start Tuesday's trading session. 

The Early Calls for the commodities on Tuesday, October 16, 2012, are higher. Corn is seen opening 6-8 cents higher, soybeans 7-9 cents higher, and wheat 6-8 cents higher.

In overnight trading, the Dec. corn futures contract traded 6 cents higher at $7.43 per bushel. Nov. soybean futures traded 7 cents higher at $14.99 per bushel, and Dec. wheat traded 6 cents higher at $8.54. For Dec. soybean meal futures, the contract traded $0.90 per short ton lower at $457.00. Dec. soybean oil futures traded $0.32 lower at $50.33.

The outside markets are mostly favorable for Tuesday'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.

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