Home / News / Crops news / Soybean rally to roll on Tuesday

Soybean rally to roll on Tuesday

01/15/2013 @ 7:40am

For Tuesday, the soybean rally is expected to continue, pushing up the CME Group corn and wheat markets with it.

The early calls for the commodities on Tuesday, January 15, 2013, are higher. Corn is seen opening 2-4 cents higher. Soybeans are seen 14-16 cents higher and wheat 5-7 cents higher.

In overnight trading, the March corn futures contract traded 2 cents higher at  $7.26 per bushel. March soybean futures traded 14 cents higher at $14.32 per bushel, and March wheat traded 5 cents higher at $7.72. For March soybean meal futures, the contract traded $3.10 per short ton higher at $420.60. March soybean oil futures traded $0.52 cents higher at $50.97. 

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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, 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.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]