Friday's trade seen starting mixed
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."