Home / News / Crops news / Up day seen for farm markets

Up day seen for farm markets

12/17/2012 @ 7:25am

The final full week of 2012 CME Group grain trading is expected to start higher Monday.


The early calls for the commodities on Monday, December 17, 2012, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 10 to 12 cents higher, and wheat 3 to 5 cents higher.

In overnight trading, the March corn futures contract traded 1/2 cent higher at $7.31 per bushel. January soybean futures traded 10 cents higher at $15.06 per bushel, and March wheat traded 3 cents higher at $8.17. For January soybean meal futures, the contract traded $3.60 per short ton higher at $461.30. January soybean oil futures traded 14 cents higher at $50.13.


The outside markets are mildly favorable for Monday'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 +

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Weekend Market Volatility and Planting Nerves
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]