Home / News / Crops news / Corn, soybeans seen opening lower

Corn, soybeans seen opening lower

08/06/2012 @ 8:01am

Even though a disconnect seems to be occurring, the CME Group corn, soybean and wheat markets are poised to trade lower Monday. 

The Early Calls for the commodities on Monday, August 6, 2012, are lower. Corn is seen opening 5-7 cents lower, soybeans 27-28 cents lower, and wheat 3-5 cents lower.

In overnight trading, the Sep. corn futures contract traded 5 cents  lower at $8.05 per bushel. Aug. soybean futures traded 32 cents lower at $16.24 1/2 per bushel, and Sept. wheat traded 4 1/4 cents lower at $8.87. For soybean meal futures, the Aug. contract traded $11.50 per short ton lower at $520.00. Aug.  soybean oil futures traded $0.92 lower at $51.12.

The outside markets are not favorable for Monday'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 +

Soybeans End Up, Lose Big Gains By: 07/24/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Thursday, while the CME  Group soybean market gave back…

Soybeans To Extend Gains Thursday By: 07/24/2014 @ 7:10am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Demand, Weather