Home / News / Crops news / Lower farm markets Thursday

Lower farm markets Thursday

11/17/2011 @ 6:13am

All around pressure from outside markets will start the CME Group corn, soybean and wheat prices lower Thursday.

The Early Calls for the commodities on Thursday, November 17, 2011, are lower. Corn is seen opening 1-2 cents lower, soybeans 2-4 cents lower, and wheat 3-5 cents lower.

With tremendous concern overt the European debt crisis, the outside markets remain under heavy pressure. 

In overnight electronic trading, the Dec. corn futures contract traded 4 3/4 cents lower at $6.38 per bushel. The Jan. soybean futures contract traded 3 1/4 cents lower at $11.84 1/4 per bushel. The Dec. wheat futures contract traded 3 1/2 cents lower at $6.13 1/4. For Jan. soymeal futures, the contract traded $0.40 per short ton lower at $297.90 and Dec. soyoil $0.23 lower at $52.25. 

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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Soybeans Close Lower Tuesday By: 04/21/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean, and markets…

Corn, Soybean Markets to Trade Lower Tuesday By: 04/21/2015 @ 7:13am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

Corn, Soybeans Close Higher Friday By: 04/17/2015 @ 8:47am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Finger pick-up
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]