Home / News / Crops news / Farm markets seen higher Monday

Farm markets seen higher Monday

10/22/2012 @ 7:09am

The CME Group corn, soybean and wheat markets are expected to start the week higher Monday.

 

The early calls for the commodities on Monday, October 22, 2012, are higher. Corn is seen opening 3 to 5 cents higher, soybeans 12 to 14 cents higher, and wheat 7 to 9 cents higher.


In overnight trading, the December corn futures contract traded 3 cents higher at $7.64 per bushel. November soybean futures traded 16 cents higher at $15.50 per bushel, and December wheat traded 7 3/4 cents higher at $8.80 1/4. For December soybean meal futures, the contract traded $4.90 per short ton higher at $468.70. December soybean oil futures traded 55 cents higher at $52.13.


The outside markets are 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 +

Profit-taking Sinks Soybeans, Corn By: 10/24/2014 @ 8:57am DES MOINES, Iowa (Agriculture.com)—With the CME Group’s corn, soybean and wheat markets turning…

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?