Home / News / Crops news / Stronger farm markets expected Wednesday

Stronger farm markets expected Wednesday

07/03/2013 @ 7:51am

For Wednesday, the CME Group corn, soybean, and wheat markets are seen to trade stronger.

 

The early calls for the commodities on Wednesday, July 3, 2013, are higher. Corn is seen opening 5 to 7 cents higher, soybeans 12 to 14 cents higher, and wheat 10 to 12 cents higher.


In overnight trading, the Sep. corn futures contract traded 5 cents higher at $5.38 per bushel. Dec. corn futures traded 5 cents higher at $5.07 per bushel. Aug. soybean futures traded 12 cents higher at $14.46. The Nov. soybean futures traded 12 cents higher at $12.55. The Sep. wheat futures contract traded 12 cents higher at $6.61. For August soybean meal futures, the contract traded $2.40 per short ton higher at $435.30. Aug. soybean oil futures traded 27 cents higher at $47.10.


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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Falls On "Confusing" EPA… By: 05/29/2015 @ 10:36am With the EPA announcement on a new Renewable Fuels Standard Friday signaling little growth for the…

Corn Ends Lower On EPA News By: 05/29/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market finished lower on…

Corn To Move Slightly Higher Friday By: 05/29/2015 @ 7:32am On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]