Home / News / Crops news / Soybeans set all-time high record

Soybeans set all-time high record

09/04/2012 @ 7:37am

With a record-setting soybean trade overnight, the CME Group corn, soybean and wheat markets have support to trade higher Tuesday. 

The Early Calls for the commodities on Tuesday, September 4, 2012, are higher. Corn is seen opening 9-11 cents higher, soybeans 18-20 cents higher, and wheat 7-9 cents higher.

In overnight trading, the Dec. corn futures contract traded 9 1/4 cents  higher at $8.09 per bushel. September soybean futures hit an all-time high of $17.94. November soybean futures traded 21 cents higher at $17.77 1/2 per bushel, and Dec. wheat traded 7 1/2 cents higher at $8.97. For Dec. soybean meal futures, the contract traded $5.60 per short ton higher at $539.00. Dec. soybean oil futures traded $0.75 higher at $57.83.

The outside markets are favorable 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 +

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?