Home / News / Crops news / Farm markets to tilt up slightly

Farm markets to tilt up slightly

05/22/2013 @ 7:21am

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


The early calls for the commodities on Wednesday, May 22, 2013, are mostly higher. Corn is seen opening 1 to 2 cents higher, soybeans 2 to 4 cents lower, and wheat 3 to 5 cents higher.

In overnight trading, the July corn futures contract traded 1 cent higher at $6.40 per bushel. The December corn futures traded 3 cents higher at $5.23. July soybean futures traded 2 cents lower at $14.76 per bushel, while November soybeans traded 4 cents higher at $12.24. The July wheat traded 4 cents higher at $6.84. For July soybean meal futures, the contract traded $2.60 per short ton lower at $436.10. The July soybean oil futures traded 8 cents higher at $49.56.


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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Wheat Prices End Higher By: 04/23/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--At mid-session, the CME Group corn and wheat markets have found…

Corn, Soybean Markets Seen Falling Wednesday By: 04/23/2014 @ 7:58am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

Corn Ends Up, Soybeans Lower By: 04/22/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--Talk of another investment bank exiting commodities aided in…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline