Home / News / Crops news / Sharply higher corn, soybean prices seen

Sharply higher corn, soybean prices seen

06/19/2012 @ 8:05am

The CME Group corn, soybean and wheat markets will start sharply higher Tuesday.

The Early Calls for the commodities on Tuesday, June 19, 2012, are higher. Corn is seen opening 10-12 cents higher, soybeans 25-26 cents higher, and wheat 10-12 cents higher.

In overnight trading, the July corn futures contract traded 10 1/2 cents  higher at $6.10 per bushel. July soybean futures traded 27 1/4 cents higher at $14.11 3/4 per bushel, and July wheat traded 13 cents higher at $6.43 1/4. For July soybean meal futures, the contract traded $7.90 per short ton higher at $420.80. July soybean oil futures traded $0.84 higher at $49.60.

The outside markets are mildly favorable for Tuesday's grain trade. The real factors driving the calls will be the sharply higher overnight markets.


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Wheat Prices Gain Strength Friday By: 03/27/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)—On Friday, the CME Group wheat market finds strength on a lack…

Corn, Soybean Markets Seen Lower Friday By: 03/27/2015 @ 7:39am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Corn, Soybeans Ended Lower Thursday By: 03/26/2015 @ 9:05am DES MOINES, Iowa (Agriculture.com)—On Thursday, the CME Group corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]