Home / News / Crops news / Mixed farm markets for Thursday

Mixed farm markets for Thursday

05/23/2013 @ 7:04am

The CME Group's corn, soybean, and wheat markets are expected to start mixed Thursday.


The early calls for the commodities on Thursday, May 23, 2013, are mostly mixed. Corn is seen opening 1 to 2 cents lower, soybeans mixed, and wheat 3 to 5 cents higher.

In overnight trading, the July corn futures contract traded 2 cents lower at $6.57 per bushel. The December corn futures traded 2 cents lower at $5.28. July soybean futures traded 3 cents higher at $14.96 per bushel, while November soybeans traded 1 cent lower at $12.38. The July wheat traded 5 cents higher at $6.93. For July soybean meal futures, the contract traded $1.10 per short ton lower at $439.50. The July soybean oil futures traded 12 cents lower at $49.52.


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


On Thursday, the USDA will release its Weekly Export Sales Report at 7:30 a.m. CT.


Discuss the 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