Home / News / Crops news / Sharply higher farm markets Thursday

Sharply higher farm markets Thursday

01/26/2012 @ 7:22am

With the Federal Reserve announcing it will keep interest rates low until 2014, the CME Group corn, soybean and wheat markets are poised to capitalize on the longterm inflationary move Thursday. 

The Early Calls for the commodities on Thursday, January 26, 2012, are higher. Corn is seen opening 8-12 cents higher, soybeans 9-11 cents higher, and wheat 11-13 cents higher.

In overnight trading, the March corn futures contract traded 8 1/2 cents  higher at $6.43 per bushel. March soybean futures traded 11 cents higher at $12.24 1/2 per bushel, and March wheat traded 13 cents higher at $6.54 1/4. For March soybean meal futures, the contract traded $3.00 per short ton higher at $324.10. March soybean oil futures traded $0.33 higher at $51.69.

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


Discuss corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 13¢ Lower Tuesday By: 11/18/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)—Acting like a ‘turnaround Tuesday’, the CME Group soybean…

Soybeans Seen Slightly Higher Tuesday By: 11/18/2014 @ 6:36am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Higher Monday By: 11/17/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group soybean market closed higher, with…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2