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 +

Q&A: The Man Behind the Next Green… By: 04/01/2015 @ 11:04am A huge portion of the world's human population derives much of its nutrition from beans. The…

3 Things to Watch This Morning, Wednesday… By: 04/01/2015 @ 6:28am Prices bounce back after Tuesday's USDA reports.USDA threw farmers a curveball on Tuesday with…

Grain Stocks, Acreage Reports Send Corn… By: 03/31/2015 @ 11:06am Farmers in the U.S. will plant 89.2 million acres of corn this spring, down 2% from last year…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Pneumatic seed meters
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]