Corn, Soybean Markets Look Upward Thursday

May 28th, 2015

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Category: Grains, Oilseeds

Corn_Chart450x299(Agriculture.com) – On Thursday, the CME Group’s corn, soybean and wheat markets are expected to start stronger.

The early calls for the commodities on Thursday, May 28, 2015, are higher. Corn is seen opening 1-2 cents higher, soybeans 3-4 cents higher, and wheat 3-4 cents higher.

In overnight trading, the July corn futures contract traded 1 3/4 cents higher at $3.51. July soybean futures traded 2 cents higher at $9.29.

July wheat futures contract traded 3 cents higher at $4.90. For July soybean meal futures, the contract traded $1.70 per short ton lower at $306.40, July soybean oil futures traded $0.32 higher at $32.05.

The outside markets are unfavorable for Thursday’s grain trade. The real factors driving the calls will be the higher overnight markets.

 

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