Home / News / Crops news / Corn, soybeans to drop Wednesday

Corn, soybeans to drop Wednesday

05/15/2013 @ 7:15am

The CME Group's corn, soybean, and wheat markets are expected to start lower Wednesday.


The early calls for the commodities on Wednesday, May 15, 2013, are lower. Corn is seen opening 1 to 2 cents lower, soybeans 2 to 4 cents lower, and wheat 5 to 7 cents lower.


In overnight trading, the July corn futures contract traded 2 cents lower at $6.51 per bushel. The December corn futures traded 2 cents lower at $5.36. July soybean futures traded 5 cents lower at $14.09 per bushel, while November soybeans traded 1 cent lower at $12.13. The July wheat traded 5 cents lower at $7.06. For July soybean meal futures, the contract traded $2.10 per short ton lower at $409.70. The July soybean oil futures traded 17 cents lower at $49.59.


The outside markets are mostly unfavorable for Wednesday'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 Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, 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.
Are We In a Climate Change?