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 +

Profit-taking Sinks Soybeans, Corn By: 10/24/2014 @ 8:57am DES MOINES, Iowa (Agriculture.com)—With the CME Group’s corn, soybean and wheat markets turning…

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…

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?