Corn, Soybean Markets Seen Higher Thursday

July 23rd, 2015

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Category: Grains, Oilseeds

corn field at sunset 450x299(Agriculture.com) – The early calls for the commodities on Thursday, July 23, 2015, are higher. Corn is seen opening 2-4 cents higher, soybeans 6-8 cents higher, and wheat 4-5 cents higher.

In overnight trading, the Sept. corn futures contract traded 2 1/4 cents higher at $4.05 per bushel. Dec. corn futures traded 1 3/4 cents higher at $4.15 per bushel.

Aug. soybean futures traded 7 1/2 cents higher at $10.28, while the Nov. soybean futures traded 6 cents higher at $10.01.

The Sept. wheat futures contract traded 4 cents higher at $5.20. For Aug. soybean meal futures, the contract traded $2.50 per short ton lower at $366.00; Aug. soybean oil futures traded $0.19 higher at $31.54.

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

 

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