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 +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]