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

Soybeans to continue gains Wednesday

06/20/2012 @ 7:27am

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

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter