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 +

Soybeans End 23¢ Lower By: 08/01/2014 @ 8:56am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's soybean markets finish under…

Farm Markets Seen Mostly Lower Friday By: 08/01/2014 @ 6:45am On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybean, Wheat Prices Close Higher By: 07/31/2014 @ 8:35am DES MOINES, Iowa (Agriculture.com)-- The CME Group soybean and wheat markets end higher, corn lower…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Rain Drains Grain Markets