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

Lower start seen for soybean, wheat

05/30/2012 @ 7:39am

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
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.
New 6631 Sunflower Vertical Tillage System