Home / News / Crops news / Rain to support corn prices Monday

Rain to support corn prices Monday

04/29/2013 @ 7:38am

A wetter forecast for the Midwest is propping up the CME Group corn, soybean, and wheat markets Monday.


The Early Calls for the commodities on Monday, April 29, 2013, are higher. Corn is seen opening 8 to 10 cents higher, soybeans 1 to 2 cents higher, and wheat 3 to 5 cents higher.

In overnight trading, the July corn futures contract traded 11 cents higher at $6.34 per bushel. July soybean futures traded 1 cent higher at $13.82 per bushel, and July wheat traded 5 cents higher at $6.97. For July soybean meal futures, the contract traded $1.18 per short ton higher at $406.50. January soybean oil futures traded 34 cents lower at $49.20.


The outside markets are favorable for Monday's grain trade. 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 +

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

Stronger Farm Markets Seen Tuesday By: 07/22/2014 @ 7:41am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

USDA Confirms Ideal Crop Conditions By: 07/21/2014 @ 8:36am DES MOINES, Iowa (Agriculture.com)--Ideal crop weather sent CME Group soybean futures to a…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Pounds Farm Markets