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 Drops Corn 18¢ Tuesday By: 03/31/2015 @ 10:22am DES MOINES, Iowa (Agriculture.com)—It’s a big surprise from the USDA Tuesday. The U.S…

Corn, Wheat Close 18¢ Lower By: 03/31/2015 @ 8:37am DES MOINES, Iowa  (Agriculture.com)—On Tuesday, a USDA Report that showed greater U.S. corn…

Ahead of USDA, Corn, Soybeans Seen Lower… By: 03/31/2015 @ 7:25am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower. USDA…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]