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 Surge Higher Thursday By: 08/27/2015 @ 8:53am On Thursday, the CME Group's soybean market has jumped up double-digits to start the…

Soybeans Seen Moving Up Double-Digits… By: 08/27/2015 @ 6:12am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 12¢ Lower By: 08/26/2015 @ 8:36am DES MOINES, Iowa (Agriculture.com)--After trading higher, the CME Group's corn, soybean, and…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]