Home / News / Crops news / Farm markets to fall Thursday

Farm markets to fall Thursday

02/21/2013 @ 7:24am

DES MOINES, Iowa (Agriculture.com)--With profit-taking and expectations of a bearish USDA Ag Outlook Report, today's CME Group corn, soybean and wheat markets are seen lower.

The early calls for the commodities on Thursday, February 21, 2013, are lower. Corn is seen opening 1-2 cents lower. Soybeans are seen 4-6 cents lower and wheat 3-5 cents lower.

In overnight trading, the March corn futures contract traded 2 cents lower at $6.98 per bushel. March soybean futures traded 4 cents lower at $14.78 per bushel, and March wheat traded 5 cents lower at $7.33. For March soybean meal futures, the contract traded $0.10 per short ton higher at $433.70. March soybean oil futures traded $0.53 cents lower at $51.54. 

The outside markets are unfavorable 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 +

Corn, Soybeans To Start September Lower By: 09/01/2015 @ 6:43am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower. The…

USDA: Corn, Soybean Crop Conditions Sputter By: 08/31/2015 @ 4:00pm The condition of the U.S. corn crop is having a tough time moving forward, according to the USDA…

Corn, Soybeans End Higher Monday By: 08/31/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean market turnaround…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Watch the Machinery Show
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]