Home / News / Crops news / Corn, soybeans, wheat to fall

Corn, soybeans, wheat to fall

10/31/2011 @ 6:03am

With the dollar strengthening and more farmer-selling, the CME Group corn, soybeans and wheat markets will start significantly lower Monday.

The Early Calls for the commodities on Monday, October 31, 2011, are lower. Corn is seen opening 10-12 cents lower, soybeans 12-13 cents lower, and wheat down 8-10 cents.

In overnight electronic trading, the Dec. corn futures contract traded 10 1/4 cents lower at $6.44 3/4 per bushel. The Nov. soybean futures contract traded 12 3/4cents lower at $12.04 1/4 per bushel. The Dec. wheat futures contract traded 8 1/2 cents lower at $6.36. For Dec. soymeal futures, the contract traded $2.90 per short ton lower at $314.60 and Dec. soyoil $0.69 lower at $51.08. 

The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the sharply lower overnight markets.


Discuss corn, soybean, and wheat trading in Marketing Talk. 


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]