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Mixed farm markets seen Wednesday

03/06/2013 @ 7:42am

DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean markets are seen mixed Wednesday.

The early calls for the commodities on Wednesday, March 6, 2013, are mostly lower. Corn is seen opening 1-2 cents lower. Soybeans are seen 1-2 cents higher and wheat 2-4 cents lower.

In overnight trading, the May corn futures contract traded 1 cent lower at $7.07 per bushel. May soybean futures traded 1 cent higher at $14.68 per bushel, and May wheat traded 4 cents lower at $7.02. For March soybean meal futures, the contract traded $0.10 per short ton higher at $436.00. May soybean oil futures traded $0.11 cents higher at $50.24. 

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


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


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