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

Mixed farm markets seen for Thursday

09/06/2012 @ 7:30am

Without bullish weekly export sales, the CME Group corn, soybean and wheat markets are expected to trade mixed Thursday. 

The Early Calls for the commodities on Thursday, September 6, 2012, are mostly higher. Corn is seen opening 6-8 cents higher, soybeans 3-5 cents lower, and wheat 10-12 cents higher.

In overnight trading, the Dec. corn futures contract traded 6 1/2 cents  lower at $7.97 1/2 per bushel. November soybean futures traded 3 cents lower at $17.44 per bushel, and Dec. wheat traded 13 cents higher at $8.80 3/4. For Dec. soybean meal futures, the contract traded $1.80 per short ton higher at $526.80. Dec. soybean oil futures traded $0.38 lower at $57.59.

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


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