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

Higher farm markets to start Tuesday

02/19/2013 @ 7:40am

DES MOINES, Iowa (Agriculture.com)--On Tuesday, rumors that the EU buyers are in need of securing soymeal supplies and less-than-expected rain in Argentina have the the CME Group corn and soybean markets looking stronger. 

The early calls for the commodities on Tuesday, February 19, 2013, are higher. Corn is seen opening 1-2 cents higher. Soybeans are seen 17-19 cents higher and wheat 1-2 cents higher.

In overnight trading, the March corn futures contract traded 1 cent higher at $7.00 per bushel. March soybean futures traded 22 cents higher at $14.46 per bushel, and March wheat traded 1 cent higher at $7.43. For March soybean meal futures, the contract traded $8.60 per short ton higher at $418.00. March soybean oil futures traded $0.43 cents higher at $52.05. 

The outside markets are unfavorable for Tuesday'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
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Be careful what you wish for
MORE FROM MIKE MCGINNIS more +

Corn, soybean prices turn up By: 05/23/2013 @ 8:49am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group farm markets have turned ...

Mixed farm markets for Thursday By: 05/23/2013 @ 7:04am The CME Group's corn, soybean, and wheat markets are expected to start mixed Thursday. The ...

Corn jumps on ethanol demand By: 05/22/2013 @ 9:02am DES MOINES, Iowa (Agriculture.com)--Increased ethanol demand pushes up CME Group corn prices ...