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 +

Farm Markets Reverse Higher Wednesday By: 10/01/2014 @ 8:49am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group’s corn, soybean and wheat…

Corn, Soybean Markets Seen Weaker Wednesday By: 10/01/2014 @ 7:29am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

USDA Bullish Soybean Data Trumped By: 09/30/2014 @ 10:54am As of September 1, the USDA sees the U.S. soybean and corn stocks getting tighter.In its Quarterly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist