Home / News / Crops news / Weaker farm markets seen for Thursday

Weaker farm markets seen for Thursday

06/13/2013 @ 6:54am

The CME Group's corn, soybean and wheat markets are expected to start lower Thursday.

The early calls for the commodities on Thursday, June 13, 2013, are mostly weaker. Corn is seen opening 1-2 cents higher, soybeans 8-10 cents lower, and wheat 1-2 cents lower.

In overnight trading, the July corn futures contract traded 1 cent higher at $6.51 per bushel. The December corn futures traded unchanged at $5.37. July soybean futures traded 10 cents lower at $15.31 per bushel, while November soybeans traded 6 cents lower at $13.08. The July wheat traded 1 cent lower at $6.82. For July soybean meal futures, the contract traded $1.90 per short ton lower at $459.50. The July soybean oil futures traded $0.11 higher at $48.22.

The outside markets are unfavorable for Thursday's grain trade.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

Corn, Soybeans to Move Lower Friday By: 07/25/2014 @ 7:41am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101