Home / News / Crops news / Corn, soybeans to inch higher Thursday

Corn, soybeans to inch higher Thursday

05/16/2013 @ 6:53am

The CME Group's corn, soybean, and wheat markets are expected to start higher Thursday.


The early calls for the commodities on Thursday, May 16, 2013, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 5 to 7 cents higher, and wheat 3 to 5 cents higher.


In overnight trading, the July corn futures contract traded 1 cent higher at $6.51 per bushel. The December corn futures traded 2 cents lower at $5.33. July soybean futures traded 4 cents higher at $14.17 per bushel, while November soybeans traded 5 cents higher at $12.14.

 

The July wheat traded 3 cents higher at $6.96. For July soybean meal futures, the contract traded 50 cents per short ton higher at $411.00. The July soybean oil futures traded 7 cents higher at $49.42.


The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the slightly higher 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]