Home / News / Crops news / Standby for lower corn, soybean markets

Standby for lower corn, soybean markets

09/20/2012 @ 7:51am

The CME Group corn, soybean and wheat markets have little support to trade higher Thursday.

The Early Calls for the commodities on Thursday, September 20, 2012, are lower. Corn is seen opening 2-4 cents lower, soybeans 10-11 cents lower, and wheat 3-5 cents lower.

In overnight trading, the Dec. corn futures contract traded 5 cents lower at $7.51 per bushel. Nov. soybean futures traded 11 cents lower at $16.58 per bushel, and Dec. wheat traded 3 cents lower at $8.78. For Dec. soybean meal futures, the contract traded $1.70 per short ton lower at $498.60. Dec. soybean oil futures traded $0.56 lower at $55.69.

The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the lower overnight markets.


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101