Home / News / Crops news / Higher farm markets to start Thursday

Higher farm markets to start Thursday

05/02/2013 @ 7:01am

With rain and snowfall halting U.S. corn planting, the CME Group's corn, soybean, and wheat markets are expected higher Thursday.


The early calls for the commodities on Thursday, May 2, 2013, are higher. Corn is seen opening 9 to 10 cents higher, soybeans 9 to 10 cents higher, and wheat 7 to 9 cents higher.


In overnight trading, the July corn futures contract traded 9 cents higher at $6.55 per bushel. July soybean futures traded 9 cents higher at $13.82 per bushel, and July wheat traded 6 cents higher at $7.27. For July soybean meal futures, the contract traded $3.90 per short ton lower at $408.30. January soybean oil futures traded 8 cents higher at $48.93.


The outside markets are mostly unfavorable 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 +

Soybeans Close 13¢ Lower By: 07/22/2014 @ 9:17am DES MOINES, Iowa (Agriculture.com)--After starting higher, the CME Group corn, soybean and wheat…

Stronger Farm Markets Seen Tuesday By: 07/22/2014 @ 7:41am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

USDA Confirms Ideal Crop Conditions By: 07/21/2014 @ 8:36am DES MOINES, Iowa (Agriculture.com)--Ideal crop weather sent CME Group soybean futures to a…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
"Turnaround Tuesday" Fades