Corn, Wheat Markets To Move Higher Wednesday

August 12th, 2015

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Category: Grains, Oilseeds

Soybeans take a hit(Agriculture.com) – On Wednesday, the CME Group’s corn, soybean and wheat markets are expected to start mostly higher.

The early calls for the commodities on Wednesday, August 12, 2015, are mostly stronger. Corn is seen opening 2-4 cents higher, soybeans 2-4 cents lower, and wheat 3-5 cents higher.

In overnight trading, the Sept. corn futures contract traded 2 1/4 cents higher at $3.78. Nov. soybean futures traded 3 3/4 cents lower at $9.67.

Sept. wheat futures contract traded 3 1/4 cents higher at $5.10 1/2. For Oct. soybean meal futures, the contract traded $1.40 per short ton lower at $336.00, Sept. soybean oil futures traded $0.34 lower at $29.82.

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

 

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