Home / News / Crops news / Tough start seen for corn, soybeans

Tough start seen for corn, soybeans

05/07/2012 @ 7:33am

The CME Group corn, soybean and wheat markets face a lower start to the week's trade Monday. 

The Early Calls for the commodities on Monday, May 7, 2012, are lower. Corn is seen opening 4-5 cents lower, soybeans 8-10 cents lower, and wheat 3-5 cents lower.

In overnight trading, the July corn futures contract traded 4 1/4 cents  lower at $6.16 per bushel. July soybean futures traded 10 cents lower at $14.68 1/4 per bushel, and July wheat traded 2 3/4 cents lower at $6.06 3/4. For July soybean meal futures, the contract traded $4.10 per short ton lower at $428.50. July soybean oil futures traded unchanged at $53.65.

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


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

Corn, Wheat to Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes