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 +

Soybeans Close 13¢ Lower By: 07/22/2014 @ 9:17am DES MOINES, Iowa (Agriculture.com)--After starting higher, the CME Group corn, soybean and wheat…

Stronger Farm Markets Seen Tuesday By: 07/22/2014 @ 7:41am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

USDA Confirms Ideal Crop Conditions By: 07/21/2014 @ 8:36am DES MOINES, Iowa (Agriculture.com)--Ideal crop weather sent CME Group soybean futures to a…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
"Turnaround Tuesday" Fades