Home / News / Crops news / Slightly higher farm markets Wednesday

Slightly higher farm markets Wednesday

02/29/2012 @ 6:01am

The CME Group corn, soybean and wheat markets look to start higher, with one eye on end-of-month profit-taking Wednesday.

The Early Calls for the commodities on Wednesday, February 29, 2012, are slightly higher. Corn is seen opening 1-2 cents higher, soybeans 1-2 cents higher and wheat 3-5 cents higher.

In overnight trading, the May corn futures contract traded 1 cents higher at $6.58 1/2 per bushel. May soybean futures traded 1 1/4 cents lower at $13.13 3/4 per bushel, and May wheat traded 4 1/4 cents higher at $6.72 1/2. For May soybean meal futures, the contract traded $0.10 per short ton lower at $349.20. May soybean oil futures traded $0.02 lower at $54.78.

The outside markets are unfavorable for Wednesday's grain trade. The real factors driving the calls will be the slightly higher overnight market


Discuss corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

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

FREE MEMBERSHIP!

CLOSE [X]