Home / News / Crops news / Soybeans to continue gains Wednesday

Soybeans to continue gains Wednesday

06/20/2012 @ 7:26am

Outside of a red-hot soybean market, the CME Group corn and wheat markets could be facing lower trade patterns Wednesday. 

The Early Calls for the commodities on Wednesday, June 20, 2012, are mostly lower. Corn is seen opening 1-2 cents lower, soybeans 10-12 cents higher, and wheat 2-4 cents lower.

In overnight trading, the July corn futures contract traded 1/4 of a cent lower at $6.12 per bushel. July soybean futures traded 12 1/4 cents higher at $14.46 per bushel, and July wheat traded 2 3/4 cents lower at $6.46 3/4. For July soybean meal futures, the contract traded $1.10 per short ton higher at $429.00. July soybean oil futures traded $0.52 higher at $50.96.

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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans End Up, Lose Big Gains By: 07/24/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Thursday, while the CME  Group soybean market gave back…

Soybeans To Extend Gains Thursday By: 07/24/2014 @ 7:10am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Higher By: 07/23/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished stronger, leading the way…

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