Home / News / Crops news / Farm markets to move higher Tuesday

Farm markets to move higher Tuesday

05/28/2013 @ 6:59am

The CME Group's corn, soybean, and wheat markets are expected to start mostly higher Tuesday.


The early calls for the commodities on Tuesday, May 28, 2013, are mostly higher. Corn is seen opening 1 to 2 cents higher, soybeans 10 to 12 cents higher, and wheat 1 to 2 cents lower.


In overnight trading, the July corn futures contract traded 2 cents higher at $6.59 per bushel. The December corn futures traded 7 cents higher at $5.43. July soybean futures traded 12 cents higher at $14.88 per bushel, while November soybeans traded 11 cents higher at $12.58. The July wheat traded 1 cent lower at $6.96. For July soybean meal futures, the contract traded $4.30 per short ton higher at $432.50. The July soybean oil futures traded 35 cents higher at $49.59.


The outside markets are slightly unfavorable for Tuesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]