Home / News / Crops news / Farm markets seen mixed Thursday

Farm markets seen mixed Thursday

05/09/2013 @ 7:14am

The CME Group's corn, soybean and wheat markets are expected to follow the mixed, overnight trading Thursday.

The Early Calls for the commodities on Thursday, May 9, 2013, are mostly lower. Corn is seen opening 1-2 cents lower, soybeans 2-4 cents higher, and wheat 1-2 cents lower.

In overnight trading, the July corn futures contract traded 1 cent lower at $6.32 per bushel. The Dec. corn futures traded 1 cent lower at $5.31. 

July soybean futures traded 3 cents higher at $13.94 per bushel, while Nov. soybeans traded 1 cent higher at $12.15. 

The July wheat traded 1 cent lower at $7.05. For July soybean meal futures, the contract traded $0.90 per short ton higher at $408.50. The July soybean oil futures traded $0.10 higher at $48.92.

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

On Thursday, the USDA will release its weekly export sales figures. On Friday, the USDA will release its monthly Supply/Demand Report at 11:00am CT.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Old-Crop Soybeans End Higher By: 04/27/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group's soybean market…

Soybeans To Edge Higher Monday By: 04/27/2015 @ 7:41am On Monday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Wheat Closes 11¢ Lower By: 04/24/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean, and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Disc openers
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]