Home / News / Crops news / Soybeans to shoot sky-high Tuesday

Soybeans to shoot sky-high Tuesday

09/03/2013 @ 7:34am

On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start higher.


The early calls for the commodities on Tuesday, September 3, 2013, are higher. Corn is seen opening 9 to 10 cents higher, soybeans 40 to 45 cents higher, and wheat 5 to 7 cents higher.


In overnight trading, the Sept. corn futures contract traded 9 cents higher at $5.03 per bushel. Dec. corn futures traded 8 cents higher at $4.90 per bushel. Sep. soybean futures traded 40 cents higher at $14.64, while the Nov. soybean futures traded 45 cents higher at $14.02. The Dec. wheat futures contract traded 5 cents higher at $6.59. For Dec. soybean meal futures, the contract traded $20.00 per short ton higher at $443.70; Dec. soybean oil futures traded $0.32 higher at $44.61.

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


Join Us: The Successful Farming Marketing Academy

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?