Friday's farm markets seen mixed
On Friday, the CME Group's corn and wheat markets are expected to start mixed.
The early calls for the commodities on Friday, March 14, 2014, are mixed. Corn is seen opening mixed, soybeans 1 to 2 cents lower, and wheat 3 to 5 cents higher.
In overnight trading, the May corn futures contract traded unchanged at $4.85 per bushel. The Dec. corn traded 1 cent higher at $4.85. May soybean futures traded 2 cents lower at $13.94. The Nov. soybean futures traded 4 cents lower at $11.75.
The May wheat futures contract traded 3 1/4 cents higher at $6.77. For May soybean meal futures, the contract traded $0.90 per short ton lower at $441.10; May soybean oil futures traded $0.08 lower at $42.91.
The outside markets are mostly favorable for Friday's grain trade. The real factors driving the calls will be the mixed overnight markets.