Home / News / Crops news / Grains to trend higher Wednesday

Grains to trend higher Wednesday

08/28/2013 @ 7:34am

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


The early calls for the commodities on Wednesday, August 28, 2013, are higher. Corn is seen opening 2 to 4 cents higher, soybeans 5 to 7 cents higher, and wheat 1 to 2 cents higher.


In overnight trading, the Sept. corn futures contract traded 2 cents higher at $5.01 per bushel. Dec. corn futures traded 2 cents higher at $4.88 per bushel. Sep. soybean futures traded 5 cents higher at $14.19, while the Nov. soybean futures traded 2 cents higher at $13.72. The Dec. wheat futures contract traded 1 cent higher at $6.64. For Dec. soybean meal futures, the contract traded $0.50 per short ton higher at $430.90; Dec. soybean oil futures traded $0.12 higher at $44.64.


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


JOIN US: The Successful Farming Marketing Academy.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close Day, Month On A Rally By: 10/31/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)—A buying frenzy, at the close Friday, pushed up the CME Group…

Lower Farm Markets Seen For Friday By: 10/31/2014 @ 8:13am On Friday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes