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 Falls On "Confusing" EPA… By: 05/29/2015 @ 10:36am With the EPA announcement on a new Renewable Fuels Standard Friday signaling little growth for the…

Corn Ends Lower On EPA News By: 05/29/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market finished lower on…

Corn To Move Slightly Higher Friday By: 05/29/2015 @ 7:32am On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Month's End Markets, Grain Storage, and Farm Policy
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]