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

Higher farm markets to start Thursday

Updated: 05/02/2013 @ 9:43am

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 Surge Higher Thursday By: 08/27/2015 @ 8:53am On Thursday, the CME Group's soybean market has jumped up double-digits to start the…

Soybeans Seen Moving Up Double-Digits… By: 08/27/2015 @ 6:12am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 12¢ Lower By: 08/26/2015 @ 8:36am DES MOINES, Iowa (Agriculture.com)--After trading higher, the CME Group's corn, soybean, and…

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

FREE MEMBERSHIP!

CLOSE [X]