Home / News / Crops news / Higher follow-through for grain prices

Higher follow-through for grain prices

02/01/2012 @ 7:30am

There is expected follow-through trading Wednesday from yesterday's higher CME Group corn, soybean and wheat markets.

The Early Calls for the commodities on Wednesday, February 1, 2012, are higher. Corn is seen opening 7-9 cents higher, soybeans 6-8 cents higher, and wheat 9-10 cents higher.

In overnight trading, the March corn futures contract traded 8 cents higher at $6.47 per bushel. March soybean futures traded 6 3/4 cents higher at $12.05 3/4 per bushel, and March wheat traded 9 3/4 cents higher at $6.75 3/4. For March soybean meal futures, the contract traded $0.30 per short ton lower at $319.00. March soybean oil futures traded $0.23 higher at $51.10.

The outside markets are favorable for Wednesday's grain trade. The real factors driving the calls will be the higher overnight markets.


Discuss corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear: The Midwest frost threat is no longer a worry (through early October)…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am 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.
What is Hybrid Planting?