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

Farm markets to sink Wednesday

Updated: 12/12/2012 @ 4:12pm

DES MOINES, Iowa (Agriculture.com)--A hangover from this week's bearish USDA Report has the CME Group corn, soybean, and wheat markets lower Wednesday.

 

The early calls for the commodities on Tuesday, December 12, 2012, are lower. Corn is seen opening 1 to 2 cents lower, soybeans 7 to 9 cents lower, and wheat 1 to 2 cents lower. In overnight trading, the March corn futures contract traded 1 cent lower at $7.26 per bushel. January soybean futures traded 9 cents lower at $14.63 per bushel, and March wheat traded 1 cent lower at $8.20. For January soybean meal futures, the contract traded $2.90 per short ton lower at $445.20. January soybean oil futures traded 12 cents lower at $50.08.


The outside markets are 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 +

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…

Soybeans Seen Moving Up Double-Digits… By: 08/27/2015 @ 6:12am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 12¢ Lower By: 08/26/2015 @ 8:36am DES MOINES, Iowa (Agriculture.com)--After trading higher, the CME Group's corn, soybean, and…

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]