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 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?