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, Wheat Prices End Higher By: 04/23/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--At mid-session, the CME Group corn and wheat markets have found…

Corn, Soybean Markets Seen Falling Wednesday By: 04/23/2014 @ 7:58am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

Corn Ends Up, Soybeans Lower By: 04/22/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--Talk of another investment bank exiting commodities aided in…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline