Home / News / Crops news / Corn, soybeans to start week higher

Corn, soybeans to start week higher

11/19/2012 @ 7:14am

Too much rain that may be causing planting delays in Brazil is helping the outlook for the CME Group corn, soybean and wheat markets Monday. 

The Early Calls for the commodities on Monday, November 19, 2012, are higher. Corn is seen opening 4-6 cents higher, soybeans 10-12 cents higher, and wheat 4-6 cents higher.

In overnight trading, the Dec. corn futures contract traded 6 cents higher at $7.33 per bushel. Jan. soybean futures traded 13 cents higher at $13.97 per bushel, and Dec. wheat traded 6 cents higher at $8.44. For Dec. soybean meal futures, the contract traded $3.80 per short ton higher at $428.40. Dec. soybean oil futures traded $0.55 higher at $47.60.

The outside markets are mostly favorable for Monday'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 +

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]