Home / News / Crops news / Corn, soybeans to run higher Tuesday

Corn, soybeans to run higher Tuesday

11/06/2012 @ 7:31am

U.S. Election Day and pre-USDA report positioning are the main market drivers expected keep the CME Group corn, soybean and wheat markets higher Tuesday. 

The Early Calls for the commodities on Tuesday, November 6, 2012, are higher. Corn is seen opening 5-7 cents higher, soybeans 13-15 cents higher, and wheat 7-9 cents higher.

In overnight trading, the Dec. corn futures contract traded 5 cents higher at $7.40 per bushel. January soybean futures traded 13 3/4 cents higher at $15.17 per bushel, and Dec. wheat traded 7 3/4 cents higher at $8.73. For Dec. soybean meal futures, the contract traded $3.70 per short ton higher at $472.70. Dec. soybean oil futures traded $0.44 higher at $48.76.

The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Rally On Export Inspections By: 12/22/2014 @ 2:23pm DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group’s soybean market finished higher…

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…

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

FREE MEMBERSHIP!

CLOSE [X]