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 Jump Up Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean markets started…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Questions Surrounding Data Concern