Home / News / Crops news / Higher corn, wheat prices seen Wednesday

Higher corn, wheat prices seen Wednesday

03/13/2013 @ 8:18am

CHICAGO, Illinois (Agriculture.com)—A mostly higher trading day is expected for the CME Group farm markets Wednesday.

The early calls for the commodities on Wednesday, March 13, 2013, are mixed. Corn is seen opening 1-2 cents higher. Soybeans are seen 3-5 cents lower and wheat 1-2 cents higher.

In overnight trading, the May corn futures contract traded 2 cents higher at $7.16 per bushel. May soybean futures traded 5 cents lower at $14.63 per bushel, and May wheat traded 2 cents lower at $7.06. For May soybean meal futures, the contract traded $0.30 per short ton lower at $435.90. May soybean oil futures traded $0.31 cents lower at $49.67.

The outside markets are unfavorable for Wednesday'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 Settled Slightly Higher By: 09/16/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

USDA: Corn Harvest Is 4% Complete By: 09/15/2014 @ 3:40pm As expected, the U.S. corn and soybean crop condition ratings have been left unchanged from a week…

Corn, Soybeans Close Higher By: 09/15/2014 @ 8:52am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group corn and soybean markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Case IH Magnum Rowtrac