Home / Markets / Markets Analysis / Corn market / Corn, soybeans to start lower Friday

Corn, soybeans to start lower Friday

01/11/2013 @ 7:30am

The CME Group commodities look to start a bit weaker Friday, awaiting the ballyhooed USDA Crop Production and Supply/Demand Reports to be released at 11:00am CT.

The early calls for the commodities on Friday, January 11, 2012, are mostly lower. Corn is seen opening 2-4 cents lower. Soybeans are seen 10-12 cents lower and wheat 1-2 cents lower.

In overnight trading, the March corn futures contract traded 2 cents lower at  $6.96 per bushel. January soybean futures traded 13 cents lower at $14.04 per bushel, and March wheat traded 1 cent higher at $7.45. For January soybean meal futures, the contract traded $3.20 per short ton lower at $405.50. Jan. soybean oil futures traded $0.17 cents lower at $49.58. 

The outside markets are unfavorable for Friday'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 +

Corn Closes Lower, Soybeans Higher By: 09/17/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean and wheat markets have…

Corn Soybeans Seen Mixed Wednesday By: 09/17/2014 @ 7:45am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

Corn Settled Slightly Higher By: 09/16/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Science Review, Day Two