Home / Markets / Markets Analysis / Corn market / Farm Markets Seen Mostly Lower Friday

Farm Markets Seen Mostly Lower Friday

08/01/2014 @ 6:45am

On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly lower.

The early calls for the commodities on Friday, August 1, 2014, are weaker. Corn is seen opening 1-2 cents lower, soybeans 9-10 cents lower and wheat 3-5 cents higher. In overnight trading, the Dec. corn futures contract traded 1 1/2 cents lower at $3.65 per bushel. Nov. soybean futures traded 9 1/4 cents lower at $10.72. The Sep. wheat futures contract traded 3 1/4 cents higher at $5.53. For Dec. soybean meal futures, the contract traded $3.30 per short ton lower at $345.50; Dec. soybean oil futures traded $0.13 lower at $36.27.

The outside markets are favorable for Friday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.


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


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farm Markets Remain Lower Thursday By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets remain under selling pressure…

Corn, Wheat To Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?