Home / News / Crops news / Corn, soybeans seen falling Tuesday

Corn, soybeans seen falling Tuesday

05/22/2012 @ 7:34am

With weaker overnight trading, the CME Group soybean, wheat and corn markets will face lower follow-through trading Tuesday.

The Early Calls for the commodities on Tuesday, May 22, 2012, are lower. Corn is seen opening 6-8 cents lower, wheat 14-16 cents lower and soybeans 4-6 cents lower.

In overnight trading, the July corn futures contract traded 7 1/2 cents lower at $6.25 1/2 per bushel. July soybean futures traded 5 1/2 cents lower at $14.07 per bushel, and July wheat traded 16 3/4 cents lower at $6.87 1/4. For July soybean meal futures, the contract traded $1.50 per short ton lower at $415.00. July soybean oil futures traded $0.03 higher at $50.95.

The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the lower overnight markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

Farm Markets Rally Thursday By: 08/28/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean, and wheat markets closed higher…

Farm Markets Seen Higher Thursday By: 08/28/2014 @ 6:41am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Holiday Profit Taking Pressures Markets