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

Mixed corn, soybean markets

11/02/2011 @ 7:13am

Though overnight grain markets traded lower, the outside markets have turned favorable, helping to improve the chances of higher CME Group corn, soybeans and wheat futures prices Wednesday. 

Still, the Early Calls for the commodities on Wednesday, November 2, 2011, are mixed. Corn is seen opening 2-4 cents lower, soybeans 4-6 cents higher, and wheat down 1-2 cents.

In overnight electronic trading, the Dec. corn futures contract traded 2 1/4 cents lower at $6.52 per bushel. The Jan. soybean futures contract traded 8 cents higher at $12.10 1/2 per bushel. The Dec. wheat futures contract traded 1 3/4 cents lower at $6.28 1/4. For Dec. soymeal futures, the contract traded $2.70 per short ton higher at $313.40 and Dec. soyoil $0.20 higher at $51.00. 

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


Discuss today's corn, soybean, and wheat markets in Marketing Talk. 


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

Farm Markets Rally Thursday By: 08/28/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean, and wheat markets closed higher…

Farm Markets Seen Higher Thursday By: 08/28/2014 @ 6:41am On Thursday, 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.
Holiday Profit Taking Pressures Markets