Home / News / Crops news / Corn, wheat markets to dip Monday

Corn, wheat markets to dip Monday

12/10/2012 @ 7:21am

A lack of fresh news and positioning ahead of tomorrow's USDA/WASDE Reports will combine to keep pressure on the CME Group corn, soybean and wheat markets Monday. 

The Early Calls for the commodities on Monday, December 10, 2012, are mostly lower. Corn is seen opening 4-6 cents lower, soybeans 1-2 cents higher, and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 4 cents lower at $7.32 per bushel. Jan. soybean futures traded 1 cent higher at $14.73 per bushel, and March wheat traded 4 cents lower at $8.56. For Jan. soybean meal futures, the contract traded $0.90 per short ton lower at $443.80. Jan. soybean oil futures traded $0.01 lower at $51.12.

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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear: The Midwest frost threat is no longer a worry (through early October)…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Science Review, Day Two