Home / News / Crops news / Monday's farm markets seen higher

Monday's farm markets seen higher

11/14/2011 @ 6:40am

As the overnight markets traded overnight, the CME Group corn, soybeans, and wheat prices are expected to be priced higher Monday. 

The Early Calls for the commodities on Monday, November 14, 2011, are higher. Corn is seen opening 4-6 cents higher, soybeans 8-10 cents higher, and wheat 3-5 cents higher.

However, the outside markets are unfavorable and can hamper gains. 

In overnight electronic trading, the Dec. corn futures contract traded 4 cents higher at $6.42 1/2 per bushel. The Jan. soybean futures contract traded 11 cents lower at $11.86 1/2 per bushel. The Dec. wheat futures contract traded 3 cents higher at $6.19 3/4. For Dec. soymeal futures, the contract traded $1.60 per short ton higher at $301.10 and Dec. soyoil $0.36 higher at $51.34. 

The outside markets are unfavorable for Monday's grain trade. Plus, the world economic worries persist, with the spotlight on Italy's attempt to put together a new government. The real factors driving the calls will be the higher overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

Soybean Prices to Tick Higher Wednesday By: 07/23/2014 @ 7:41am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Lower By: 07/22/2014 @ 9:17am DES MOINES, Iowa (Agriculture.com)--After starting higher, the CME Group corn, soybean and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Demand, Weather