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
MORE FROM MIKE MCGINNIS more +

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

Corn, Soybeans to Move Lower Friday By: 07/25/2014 @ 7:41am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
New 6631 Sunflower Vertical Tillage System