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 +

Corn, Soybeans Seen Lower Monday By: 01/26/2015 @ 7:36am On Monday, the CME Group's corn, soybean and wheat markets are expected to start lower. The…

Corn, Wheat Trade Higher Friday By: 01/23/2015 @ 8:49am DES MOINES, Iowa (Agriculture.com)—Even though the USDA Weekly Export Sales were twice as high as…

Corn, Soybeans To Dip Friday By: 01/23/2015 @ 6:59am 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.
The Dollar and the Donald - 3 Things
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]