Home / News / Crops news / Farm markets to fall

Farm markets to fall

11/07/2012 @ 7:18am

With the USDA November Production and Supply/Demand Reports looming Friday, choppy CME Group corn, soybean and wheat trading is expected Wednesday. 

The Early Calls for the commodities on Wednesday, November 7, 2012, are mostly lower. Corn is seen opening at 9:30am CT1-2 cents lower, soybeans 8-10 cents lower, and wheat 2-4 cents higher.

In overnight trading, the Dec. corn futures contract traded 1/2 of a cent lower at $7.40 per bushel. Nov. soybean futures traded 8 cents lower at $15.07 per bushel, and Dec. wheat traded 2 cents higher at $8.79. For Dec. soybean meal futures, the contract traded $3.70 per short ton lower at $469.00. Dec. soybean oil futures traded $0.05 lower at $48.63.

The outside markets are unfavorable for Wednesday'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 +

Soybeans Drop 11¢ Monday By: 08/31/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

Corn, Soybeans Seen Lower Monday By: 08/31/2015 @ 6:21am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

Soybeans Surge Higher Thursday By: 08/27/2015 @ 8:53am On Thursday, the CME Group's soybean market has jumped up double-digits to start the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]