Home / News / Crops news / Corn, soybeans to trade lower Tuesday

Corn, soybeans to trade lower Tuesday

10/22/2013 @ 8:01am

On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower.

The early calls for the commodities on Tuesday, October 22, 2013, are lower. Corn is seen opening 1-2 cents lower, soybeans 7-9 cents lower, and wheat 1-2 cents lower.

In overnight trading, the Dec. corn futures traded 3/4 of a cent lower at $4.43 per bushel. The Nov. soybean futures traded 9 cents lower at $12.94. The Dec. wheat futures contract traded 1 cent lower at $6.98. For Dec. soybean meal futures, the contract traded $3.50 per short ton lower at $412.20; Dec. soybean oil futures traded $0.15 lower at $41.49.

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


VIDEO: See Why Farmers Like the Marketing Academy.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

Soybean Prices to Tick Higher Wednesday By: 07/23/2014 @ 7:41am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Lower By: 07/22/2014 @ 9:17am DES MOINES, Iowa (Agriculture.com)--After starting higher, the CME Group corn, soybean and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Demand, Weather