Home / News / Crops news / Lower start seen for soybean, wheat

Lower start seen for soybean, wheat

05/30/2012 @ 7:41am

Weaker CME Group corn, soybean and wheat day-session trading is expected Wednesday. However, the market is eyeing dry weather concerns. 

The Early Calls for the commodities on Wednesday, May 30, 2012, are mostly lower. Corn is seen opening 2-4 cents higher, wheat 7-9 cents lower and soybeans 8-10 cents lower.

In overnight trading, the July corn futures contract traded 1/4 of a cent higher at $5.62 3/4 per bushel. July soybean futures traded 10 3/4 cents lower at $13.76 per bushel, and July wheat traded 7 1/4 cents lower at $6.49 1/2. For July soybean meal futures, the contract traded $3.90 per short ton lower at $408.60. July soybean oil futures traded $0.23 lower at $49.94.

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

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

CancelPost Comment

Wheat Closes Up 10¢, Corn 4¢ By: 10/06/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean, and wheat…

USDA: U.S. Soybeans Nearly Half Harvested By: 10/05/2015 @ 4:09pm DES MOINES, Iowa (Agriculture.com)--On Monday, the USDA pegged the U.S. corn crop condition rating…

Soybeans End 10¢ Higher Monday By: 10/05/2015 @ 8:49am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean market rallie to a…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Innovative Features in the New Can-Am Defender