Home / News / Crops news / Corn, soybeans to face setback Thursday

Corn, soybeans to face setback Thursday

01/24/2013 @ 7:32am

For Thursday, the CME Group corn, soybean and wheat markets are poised to trade weaker. 

The early calls for the commodities on Thursday, January 24, 2013, are lower. Corn is seen opening 3-5 cents lower. Soybeans are seen 10-12 cents lower and wheat 2-4 cents lower.

In overnight trading, the March corn futures contract traded 4 cents lower at $7.16 per bushel. March soybean futures traded 13 cents lower at $14.24 per bushel, and March wheat traded 4 cents lower at $7.70. For March soybean meal futures, the contract traded $4.66 per short ton lower at $411.90. March soybean oil futures traded $0.36 cents lower at $51.67. 

The outside markets are favorable for Thursday'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 Remain Double-Digits Lower By: 07/06/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat remain…

Corn, Soybean Prices Seen Sharply Lower… By: 07/06/2015 @ 7:57am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]