Home / News / Crops news / Soybean, corn prices seen lower

Soybean, corn prices seen lower

04/18/2012 @ 7:48am

With a sharply lower overnight soybean trade, and record-fast corn  planting, famers can expect the CME Group corn, soybean and wheat markets to start lower Wednesday.

The Early Calls for the commodities on Wednesday, April 18, 2012, are lower. 

Corn is seen opening 1-2 cents lower, soybeans 9-11 cents lower and wheat mixed.

In overnight trading, the July corn futures contract traded 1 1/4 cents lower at $6.06 per bushel. July soybean futures traded 12 1/4 cents lower at $14.19 1/4 per bushel, and July wheat traded unchanged at $6.20 1/4. For July soybean meal futures, the contract traded $3.80 per short ton lower at $393.50. July soybean oil futures traded $0.31 lower at $55.85.

The outside markets are unfriendly for Wednesday's grain trade. The real factors driving the calls will be the lower overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close Higher, Corn Lower By: 09/02/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--Crop disease concerns play into the CME Group's soybean…

Corn, Soybeans Seen Starting Higher Tuesday By: 09/02/2014 @ 8:01am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Crop Disease Concerns