Home / News / Crops news / Lower corn, soybean markets seen Tuesday

Lower corn, soybean markets seen Tuesday

08/27/2013 @ 7:40am

On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower.

The early calls for the commodities on Tuesday, August 27, 2013, are lower. Corn is seen opening 1-2 cents lower, soybeans 4-5 cents lower, and wheat 1-2 cents lower.

In overnight trading, the Sept. corn futures contract traded unchanged  at $5.15 per bushel. Dec. corn futures traded 2 cents lower at $4.98 per bushel. Sep. soybean futures traded 4 cents lower at $14.23, while the Nov. soybean futures traded 5 cents lower at $13.85. The Dec. wheat futures contract traded 1 cent lower at $6.66. For Dec. soybean meal futures, the contract traded $1.80 per short ton lower at $434.90; Dec. soybean oil futures traded $0.06 lower at $44.82.

The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the lower overnight markets.


JOIN US: The Successful Farming Marketing Academy.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans, wheat end up double-digits By: 04/15/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group soybean market closed double-digits…

Mostly lower corn, wheat markets seen By: 04/15/2014 @ 8:03am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mixed. The…

Soybeans, corn close higher By: 04/14/2014 @ 8:41am DES MOINES, Iowa (Agriculture.com)--With snow falling in Iowa, cold temperatures for other…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine