Home / News / Crops news / Lower corn, soybean prices seen Thursday

Lower corn, soybean prices seen Thursday

10/24/2013 @ 7:38am

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

The early calls for the commodities on Thursday, October 24, 2013, are lower. Corn is seen opening 1-2 cents lower, soybeans 2-4 cents lower, and wheat 1-2 cents lower.

In overnight trading, the Dec. corn futures traded 1 3/4 cents lower at $4.41 per bushel. The Nov. soybean futures traded 2 1/2 cents lower at $13.07. The Dec. wheat futures contract traded 2 1/2 cents lower at $6.99. For Dec. soybean meal futures, the contract traded $0.20 per short ton higher at $421.60; Dec. soybean oil futures traded $0.16 lower at $41.34.

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


VIDEO: See Why Farmers Like the Marketing Academy.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear. The Midwest frost threat is no longer a worry, through early October…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Improving Soil Health