Home / News / Crops news / Higher grain markets Wednesday

Higher grain markets Wednesday

01/25/2012 @ 7:43am

With more hot,dry weather conditions returning to Argentina's already crop-stressed corn, the CME Group corn, soybean and wheat markets could be headed upward Wednesday.

The Early Calls for the commodities on Wednesday, January 25, 2012, are slightly higher. Corn is seen opening 2-4 cents higher, soybeans 1-3 cents higher, and wheat 3-6 cents higher.

In overnight trading, the March corn futures contract traded 4 3/4 cents higher at $6.35 per bushel. March soybean futures traded 1 1/4 cents higher at $12.21 1/4 per bushel, and March wheat traded 5 cents higher at $6.38 1/2. For March soybean meal futures, the contract traded $1.30 per short ton higher at $324.80. March soybean oil futures traded $0.05 higher at $51.30.

The outside markets are not favorable for Wednesday's grain trade. The real factors driving the calls will be the higher overnight markets and the reported dry weather returning to Argentina's driest crop regions.


Discuss the corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101