Home / News / Crops news / Higher corn, soybean opening prices seen

Higher corn, soybean opening prices seen

03/27/2012 @ 7:35am

With a stronger overnight trade along with a lot of positioning ahead of this week's USDA Planting Intentions and Quarterly Stocks Reports, the CME Group corn, soybean and wheat markets look to start the day's trade higher Tuesday. 

The Early Calls for the commodities on Tuesday, March 27, 2012, are higher. 

Corn is seen opening 5-7 cents higher, soybeans 6-8 cents higher and wheat 2-4 cents higher.

In overnight trading, the July corn futures contract traded 5 1/4 cents higher at $6.41 1/4 per bushel. July soybean futures traded 6 1/4 cents higher at $13.90 1/2 per bushel, and July wheat traded 2 cents higher at $6.72 1/4. For July soybean meal futures, the contract traded $1.30 per short ton higher at $379.70. July soybean oil futures traded $0.12 higher at $55.95.

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


Watch a video preview of this week's USDA Prospective Planting Report in Marketing Talk.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Chainsaw Accessories
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]