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 +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, 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.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]