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

Higher follow-through for grain prices

02/01/2012 @ 7:31am

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

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter