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
MORE FROM MIKE MCGINNIS more +

Soybean, Corn Markets Caught Up In Sell-Off By: 09/01/2015 @ 9:20am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean, and wheat…

Corn, Soybeans to Start September Lower By: 09/01/2015 @ 6:43am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

USDA: Corn, Soybean Crop Conditions Sputter By: 08/31/2015 @ 4:00pm The condition of the U.S. corn crop is having a tough time moving forward, according to the USDA…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]