Home / News / Crops news / Weaker corn, soybean prices Wednesday

Weaker corn, soybean prices Wednesday

05/02/2012 @ 7:34am

The CME Group corn, soybean and wheat markets are poised to trade lower Wednesday. 

The Early Calls for the commodities on Wednesday, May 2, 2012, are lower. Corn is seen opening 2-4 cents lower, soybeans 6-8 cents lower, and wheat 4-6 cents lower.

In overnight trading, the July corn futures contract traded 1 1/2 cents  lower at $6.27 1/2 per bushel. July soybean futures traded 6 1/2 cents lower at $14.97 per bushel, and July wheat traded 4 1/4 cents lower at $6.38 3/4. For July soybean meal futures, the contract traded $2.50 per short ton lower at $431.70. July soybean oil futures traded $0.34 higher at $55.25.

The outside markets are unfavorable for Wednesday'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 +

Corn, Soybean Markets Start May Lower By: 05/01/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--On Friday, ideal planting weather, a failed Argentine strike…

Soybean, Wheat Markets Seen Up Friday By: 05/01/2015 @ 7:11am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Farm Markets To Push Higher Thursday By: 04/30/2015 @ 7:07am On Thursday, 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: Rain on the Way
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]