Home / News / Crops news / Corn, wheat seen trading higher Thursday

Corn, wheat seen trading higher Thursday

01/10/2013 @ 7:12am

The CME Group commodities have a strong chance to trade higher Thursday, depending upon this morning's USDA Weekly Export Sales Report at 7:30am CT and more positioning ahead of tomorrow's USDA Reports. 

The early calls for the commodities on Thursday, January 10, 2012, are mostly higher. Corn is seen opening 3-5 cents higher. Soybeans are seen mixed and wheat 4-6 cents higher.

In overnight trading, the March corn futures contract traded 3 cents higher at  $6.97 per bushel. January soybean futures traded 1 cent lower at $14.18 per bushel, and March wheat traded 7 cents higher at $7.53. For January soybean meal futures, the contract traded $0.70 per short ton higher at $411.30. Jan. soybean oil futures traded $0.10 cents higher at $49.22. 

The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans, Wheat Close Double-Digits Lower By: 07/29/2014 @ 3:12pm On Tuesday, the CME Group soybean market took back some of the gains from yesterday.At the close…

China Corn Ban Frustrates U.S. Industry By: 07/29/2014 @ 2:29pm How can the U.S. regain the China corn import market? That's the question asked and topic…

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101