Home / News / Crops news / Higher grain markets Thursday

Higher grain markets Thursday

11/03/2011 @ 7:27am

Favorable outside markets, such as the dollar weakening, rain and snow causing harvest delays, all support higher CME Group corn, soybean, and wheat prices Thursday. 

The Early Calls for the commodities on Thursday, November 3, 2011, are higher. Corn is seen opening 5-7 cents higher, soybeans 18-20 cents higher, and wheat up 6-8 cents.

In overnight electronic trading, the Dec. corn futures contract traded 7 3/4 cents higher at $6.52 3/4 per bushel. The Jan. soybean futures contract traded 21 1/2 cents higher at $12.24 1/4 per bushel. The Dec. wheat futures contract traded 6 1/2 cents higher at $6.30. For Dec. soymeal futures, the contract traded $6.00 per short ton higher at $316.50 and Dec. soyoil $0.57 higher at $51.42. 

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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Rangebound Corn Market Ends Higher By: 07/30/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group corn and wheat markets stayed…

Soybean, Corn Markets To Dip Wednesday By: 07/30/2014 @ 7:43am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybeans, Wheat Close Double-Digits Lower By: 07/29/2014 @ 3:12pm On Tuesday, the CME Group soybean market took back some of the gains from yesterday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Trumps Demand