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Corn, soybean prices to rise

02/15/2013 @ 7:58am

DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group corn, wheat and soybean markets are expected to be higher. 

The early calls for the commodities on Friday, February 15, 2013, are higher. Corn is seen opening 4-6 cents higher. Soybeans are seen 6-8 cents higher and wheat 8-10 cents higher.

In overnight trading, the March corn futures contract traded 6 cents higher at $7.00 per bushel. March soybean futures traded 6 cents higher at $14.24 per bushel, and March wheat traded 8 cents higher at $7.40. For March soybean meal futures, the contract traded $2.40 per short ton higher at $409.60. March soybean oil futures traded $0.16 cent higher at $51.86. 

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

Discuss the corn, soybean and wheat markets in Marketing Talk.

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