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 Close 13¢ Lower Tuesday By: 11/18/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)—Acting like a ‘turnaround Tuesday’, the CME Group soybean…

Soybeans Seen Slightly Higher Tuesday By: 11/18/2014 @ 6:36am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Higher Monday By: 11/17/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group soybean market closed higher, with…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2