Home / Markets / Markets Analysis / Corn market / Friday's trade seen starting mixed

Friday's trade seen starting mixed

Jeff Caldwell 01/27/2012 @ 8:42am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Look for a mixed start to Friday's grain trade, with soybeans and wheat muddling around the unchanged mark and higher movement for corn, analysts say.

Early calls for the grains are corn 3-5 higher, soybeans and wheat both 1 lower to 1 higher, according to private sources.

As of 7:15 AM CST, nearby corn was 4 3/4 cents higher at $6.39 1/4 per bushel, while nearby soybeans were unchanged at $12.22 3/4 and wheat was 1 cent lower at $6.52 1/2, according to Barchart.com.

"CBOT grain futures have traded both sides of unchanged overnight with values rising during the

opening of European trade," says Joe Bedore, trader and analyst with AgResource in Chicago. "The flow of new investment into commodities is likely to be tepid with equities showing far better returns in recent months. Corn and wheat values should find solid support on corrective declines with any weakness centered on the oilseed markets."


CancelPost Comment
MORE FROM JEFF CALDWELL more +

Will you plant corn late? Here are 5 tips to… By: 04/23/2014 @ 11:59am There's mounting evidence to support the idea that this spring might be a repeat of last…

Corn Planting Slumps Forward -- USDA By: 04/22/2014 @ 8:13am Corn planting remains behind the normal pace, though a weather window may be opening this week to…

Drought Cuts Southern California Water… By: 04/21/2014 @ 2:53pm The drought is bad in the nation's center. Crops are hurting, and there's a lot of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline