Home / News / Crops news / Farm markets to sink Tuesday

Farm markets to sink Tuesday

03/06/2012 @ 7:37am

With positioning ahead of this week's WASDE Report, combined with unfavorable outside market support, the CME Group corn, soybean and wheat markets look to start sharply lower Tuesday. 

The Early Calls for the commodities on Tuesday, March 6, 2012, are lower. 

Corn is seen opening 7-9 cents lower, soybeans 3-5 cents lower and wheat 10-12 cents lower.

In overnight trading, the May corn futures contract traded 7 cents lower at $6.53 3/4 per bushel. May soybean futures traded 2 1/4 cents lower at $13.22 3/4 per bushel, and May wheat traded 10 3/4 cents lower at $6.61 3/4. For May soybean meal futures, the contract traded $0.61 per short ton lower at $359.10. May soybean oil futures traded $0.05 lower at $53.68.

The outside markets are not favorable for Tuesday'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 +

Soybean, Wheat Markets Trade Higher By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and wheat markets have used decent…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Wheat Closed 13¢ Lower By: 01/28/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)—As the CME Group’s wheat market searched for a low…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Will Plants Tell Us They are in Danger?
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]