Home / News / Crops news / Farm markets to continue losses Thursday

Farm markets to continue losses Thursday

09/27/2012 @ 6:33am

After sinking to three-month lows yesterday, continued weakness of demand and favorable weather for a strong U.S. harvest pace will pressure the CME Group corn, soybean and wheat markets to start Thursday's trade. 

The Early Calls for the commodities on Thursday, September 27, 2012, are lower. Corn and soybeans are seen opening 4-6 cents lower and wheat 3-5 cents lower.

In overnight trading, the Dec. corn futures contract traded 4 cents lower at $7.20 per bushel. Nov. soybean futures traded 4 cents lower at $15.68 per bushel, and Dec. wheat traded 3 cents lower at $8.66. For Dec. soybean meal futures, the contract traded $2.00 per short ton lower at $474.90. Dec. soybean oil futures traded $0.15 higher at $52.26.

The outside markets are favorable for Thursday'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 +

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]