Home / News / Crops news / Corn, soybeans to extend losses Thursday

Corn, soybeans to extend losses Thursday

09/05/2013 @ 7:33am

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


The early calls for the commodities on Thursday, September 5, 2013, are lower. Corn is seen opening 1 to 2 cents lower, soybeans 9 to 10 cents lower, and wheat 1 to 2 cents lower.


In overnight trading, the Sept. corn futures contract traded 1 cent lower at $4.93 per bushel. Dec. corn futures traded 2 cents lower at $4.67 per bushel. Sep. soybean futures traded 9 cents lower at $13.88, while the Nov. soybean futures traded 6 cents lower at $13.46. The Dec. wheat futures contract traded 2 cents lower at $6.44. For Dec. soybean meal futures, the contract traded $2.20 per short ton lower at $420.50; Dec. soybean oil futures traded $0.12 lower at $43.81.


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


Take the Successful Farming Benchmark Marketing Survey.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Soybeans, Wheat End Lower By: 01/30/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)—Fund-selling, end of month profit-taking are being blamed for…

Soybean, Corn Markets Close Lower By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and corn markets closed lower…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am 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.
Senator Grassley and his Mower
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]