Home / News / Crops news / Mixed corn, soybean markets expected

Mixed corn, soybean markets expected

11/20/2012 @ 7:16am

Just as some analysts predicted, today's CME Group corn, soybean, and wheat trading could trend lower, due to the shortened holiday week.


The early calls for the commodities on Tuesday, November 20, 2012, are mixed. Corn is seen opening mixed, soybeans 2 to 4 cents lower, and wheat 1 to 2 cents higher.


In overnight trading, the December corn futures contract traded unchanged at $7.38 per bushel. January soybean futures traded 2 1/2 cents lower at $13.92 per bushel, and December wheat traded 1 1/2 cents higher at $8.43. For December soybean meal futures, the contract traded $1.00 per short ton lower at $419.00. December soybean oil futures traded .06 cents higher at $48.28.


The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mixed overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]