Home / News / Crops news / Corn, soybeans to give back gains

Corn, soybeans to give back gains

10/23/2012 @ 7:32am

The CME Group corn, soybean and wheat markets are seen giving back any gains Tuesday from yesterday. 


The early calls for the commodities on Tuesday, October 23, 2012, are lower. Corn is seen opening 3 to 5 cents lower, soybeans 12 to 14 cents lower, and wheat 7 to 9 cents lower.


In overnight trading, the December corn futures contract traded 4 3/4 cents lower at $7.56 1/2 per bushel. November soybean futures traded 10 cents lower at $15.36 per bushel, and December wheat traded 6 3/4 cents higher at $8.71 1/2. For December soybean meal futures, the contract traded $2.60 per short ton lower at $468.40. December soybean oil futures traded 24 cents lower at $51.42.


The outside markets are unfavorable for Tuesday'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 +

Farm Markets Close Higher Wednesday By: 10/01/2014 @ 8:49am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group’s corn, soybean, and wheat…

Corn, Soybean Markets Seen Weaker Wednesday By: 10/01/2014 @ 7:29am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

USDA Bullish Soybean Data Trumped By: 09/30/2014 @ 10:54am As of September 1, the USDA sees the U.S. soybean and corn stocks getting tighter.In its Quarterly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist