Home / News / Crops news / Higher farm markets Thursday

Higher farm markets Thursday

08/23/2012 @ 7:55am

With neutral export sales data and still weak yield prospects, the CME Group corn, soybean and wheat markets are expected to trade higher Thursday. 

The Early Calls for the commodities on Thursday, August 23, 2012, are  higher. Corn is seen opening 1-2 cents higher, soybeans 3-5 cents higher, and wheat 4-6 cents higher.

In overnight trading, the Dec. corn futures contract traded 1/4 of a cent  higher at $8.35 per bushel. Nov. soybean futures traded 3 1/4 cents higher at $17.31 per bushel, and Dec, wheat traded 4 1/2 cents higher at $9.21 1/2. For Dec. soybean meal futures, the contract traded $1.60 per short ton higher at $521.30. Dec, soybean oil futures traded $0.03 lower at $56.88.

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

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

CancelPost Comment

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter