Home / News / Crops news / Mixed farm markets seen Wednesday

Mixed farm markets seen Wednesday

07/24/2013 @ 7:34am

On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mixed.


The early calls for the commodities on Wednesday, July 24, 2013, are mostly lower. Corn is seen opening 1 to 2 cents lower, soybeans 13 to 15 cents lower, and wheat 3 to 5 cents higher.


In overnight trading, the Sept. corn futures contract traded 1 cent lower at $5.21 per bushel. Dec. corn futures traded 1 cent higher at $4.86 per bushel. Aug. soybean futures traded 15 cents lower at $14.47, while the Nov. soybean futures traded 6 cents higher at $12.65. The Sept. wheat futures contract traded 3 cents higher at $6.57. For Dec. soybean meal futures, the contract traded $2.50 per short ton higher at $383.30; Dec. soybean oil futures traded 13 cents lower at $44.55.


The outside markets are favorable 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.

CancelPost Comment

07/24/2013 @ 8:29am Make it so the farmers can't pay back their loans so if you bankrupt the farmers you bankrupt this nation.

Report Abuse Reply
MORE FROM MIKE MCGINNIS more +

Soybeans, Wheat Close Double-Digits Lower By: 09/18/2014 @ 8:41am DES MOINES, Iowa (Agriculture.com)--Despite strong weekly export sales and fresh soybean sales to…

Soybeans to Edge Higher Thursday By: 09/18/2014 @ 7:40am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Corn Closes Lower, Soybeans Higher By: 09/17/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean and wheat markets have…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soil Health at Farm Science Review