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 +

Rangebound Corn Market Ends Higher By: 07/30/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group corn and wheat markets stayed…

Soybean, Corn Markets To Dip Wednesday By: 07/30/2014 @ 7:43am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

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…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Trumps Demand