Home / News / Crops news / Grain prices to stumble Tuesday

Grain prices to stumble Tuesday

02/07/2012 @ 7:33am

The CME Group corn, soybean and wheat markets have less traction to start Tuesday's trade, as a result of lower overnight prices. The Early Calls for the commodities on Tuesday, February 7, 2012, are lower. Corn is seen opening 2-4 cents lower, soybeans 4-6 cents lower, and wheat 9-11 cents lower.

In overnight trading, the March corn futures contract traded 4 cents lower at $6.40 1/4 per bushel. March soybean futures traded 3 3/4 cents lower at $12.29 1/4 per bushel, and March wheat traded 9 3/4 cents lower at $6.58 3/4. For March soybean meal futures, the contract traded $1.70 per short ton lower at $325.80. March soybean oil futures traded $0.21 lower at $51.95.

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 +

Corn, Wheat End Higher By: 03/03/2015 @ 8:41am DES MOINES, Iowa (Agriculture.com)—With very choppy trading Tuesday, the CME Group corn, soybean…

Higher Corn, Soybean Prices Expected Tuesday By: 03/03/2015 @ 7:24am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start higher. The…

Soybean Market Closes 18¢ Lower By: 03/02/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Parallel linkage
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]