Home / News / Crops news / Mostly weaker grain markets Monday

Mostly weaker grain markets Monday

03/12/2012 @ 7:42am

With no confirmation of the rumor China bought U.S. corn, combined with mostly lower overnight markets, the CME Group corn and wheat markets are set to start on the weaker side Monday. 

The Early Calls for the commodities on Monday, March 12, 2012, are  mostly lower. 

Corn is seen opening 1-2 cents higher, soybeans 1-2 cents lower and wheat 2-4 cents lower.

In overnight trading, the May corn futures contract traded 1-2 cents higher at $6.46 3/4 per bushel. May soybean futures traded 1/4 of a cent lower at $13.37 1/2 per bushel, and May wheat traded 2 1/4 cents lower at $6.40 3/4. For May soybean meal futures, the contract traded $0.60 per short ton higher at $363.30. May soybean oil futures traded $0.26 lower at $54.01.

The outside markets are unfavorable for Monday'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
MORE FROM MIKE MCGINNIS more +

Soybean Market Closes 18¢ Lower By: 03/02/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean and wheat markets…

Soybeans, Wheat Markets Seen Up Monday By: 03/02/2015 @ 7:21am On Monday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Port Strike Spotlights Corn, Soybean Export… By: 02/27/2015 @ 4:41pm The West Coast dockworkers slowdown that ended a week ago has highlighted new concerns for the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Brazilian Rain and US Planting Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]