Home / News / Crops news / Lower start seen for corn, soybeans Monday

Lower start seen for corn, soybeans Monday

09/24/2012 @ 7:39am

The CME Group corn, soybean and wheat markets are set to follow the overnight trade lower Monday. 

The Early Calls for the commodities on Monday, September 24, 2012, are lower. Corn is seen opening 2-4 cents lower, soybeans 10-12 cents lower, and wheat 3-5 cents lower.

In overnight trading, the Dec. corn futures contract traded 1 cent lower at $7.47 per bushel. Nov. soybean futures traded 14 cents lower at $16.07 per bushel, and Dec. wheat traded 2 1/2 cents lower at $8.94. For Dec. soybean meal futures, the contract traded $1.40 per short ton lower at $484.60. Dec. soybean oil futures traded $0.94 lower at $53.89.

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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

Soybean Prices to Tick Higher Wednesday By: 07/23/2014 @ 7:41am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Lower By: 07/22/2014 @ 9:17am DES MOINES, Iowa (Agriculture.com)--After starting higher, the CME Group corn, soybean and wheat…

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