Home / News / Crops news / Wednesday farm markets seen lower

Wednesday farm markets seen lower

05/01/2013 @ 6:44am

A lower overnight trade is expected to flow into Wednesday's daytime session for CME Group's corn, soybeans, and wheat.


The early calls for the commodities on Wednesday, May 1, 2013, are lower. Corn is seen opening 5 to 7 cents lower, soybeans 10 to 12 cents lower, and wheat 7 to 9 cents lower.


In overnight trading, the July corn futures contract traded 4 cents lower at $6.45 per bushel. July soybean futures traded 12 cents lower at $13.86 per bushel, and July wheat traded 9 cents lower at $7.21. For July soybean meal futures, the contract traded $3.30 per short ton lower at $411.20. January soybean oil futures traded 45 cents lower at $48.77.


The outside markets are mostly favorable 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 +

Soybeans Close Higher, Corn Lower By: 09/02/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--Crop disease concerns play into the CME Group's soybean…

Corn, Soybeans Seen Starting Higher Tuesday By: 09/02/2014 @ 8:01am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start…

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Crop Disease Concerns