Home / News / Crops news / Soybean rally to continue Tuesday

Soybean rally to continue Tuesday

11/15/2011 @ 6:18am

With the overnight markets favoring soybean prices, the CME Group corn and wheat markets look for follow-through support Tuesday. 

The Early Calls for the commodities on Tuesday, November 15, 2011, are mostly higher. Corn is seen opening 2-4 cents higher, soybeans 10-12 cents higher, and wheat 1-2 cents lower.

In overnight electronic trading, the Dec. corn futures contract traded 3 cents higher at $6.36 1/2 per bushel. The Jan. soybean futures contract traded 12 3/4 cents higher at $11.91 per bushel. The Dec. wheat futures contract traded 1 3/4 cents lower at $6.14. For Dec. soymeal futures, the contract traded $3.10 per short ton higher at $302.30 and Dec. soyoil $0.36 higher at $51.58. 

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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Wheat Prices Seen Moving Up Tuesday By: 06/30/2015 @ 7:24am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

U.S. Corn, Soybean Conditions Weaken By: 06/29/2015 @ 3:18pm DES MOINES, Iowa (Agriculture.com)—The U.S. corn and soybean crop conditions drop for a third…

Wheat Closes 15¢ Higher Monday By: 06/29/2015 @ 8:39am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's wheat market led all…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]