Home / News / Crops news / Corn, soybeans seen trading higher

Corn, soybeans seen trading higher

10/30/2013 @ 7:49am

On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start higher.


The early calls for the commodities on Wednesday, October 30, 2013, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 7 to 9 cents higher, and wheat 1 to 2 cents higher.


In overnight trading, the Dec. corn futures traded 2 cents higher at $4.34 per bushel. The Nov. soybean futures traded 7 cents higher at $12.86. The Dec. wheat futures contract traded 2 cents higher at $6.83. For Dec. soybean meal futures, the contract traded $1.70 per short ton higher at $412.50; Dec. soybean oil futures traded $0.54 higher at $41.51.


The outside markets are slightly favorable for Wednesday's grain trade. The real factors driving the calls will be the higher overnight markets.


JOIN US: The Successful Farming Marketing Academy.


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