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 +

Soybean Market Closes 18¢ Lower By: 03/02/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean and wheat markets…

Soybeans, Wheat Markets Seen Up Monday By: 03/02/2015 @ 7:21am On Monday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Port Strike Spotlights Corn, Soybean Export… By: 02/27/2015 @ 4:41pm The West Coast dockworkers slowdown that ended a week ago has highlighted new concerns for the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Brazilian Rain and US Planting Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]