Home / Markets / Markets Analysis / Corn market / Grains higher on overnight follow-through

Grains higher on overnight follow-through

01/06/2012 @ 7:16am

Following the overnight trade, the CME Group corn, soybeans and wheat prices could see a higher start Friday.

The Early Calls for the commodities on Friday, January 6, 2012, are higher. Corn is seen opening 4-6 cents higher, soybeans 6-8 cents higher, and wheat 5-7 cents higher.

In overnight trading, the March corn futures contract traded 4 1/2 cents higher at $6.47 3/4 per bushel. March soybean futures traded 6 3/4 cents higher at $12.15 3/4 per bushel, and March wheat traded 5 3/4 cents higher at $6.35. For March soybean meal futures, the contract traded $2.60 per short ton higher at $315.80. March soybean oil futures traded $0.33 higher at $52.39.

The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the higher overnight markets.


Discuss harvest yields from Paraguay in Marketing Talk. 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close Higher, Corn Lower By: 08/18/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group soybean market finished…

Corn Market Seen Higher Monday By: 08/18/2014 @ 8:08am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Summing Up a Head-Scratcher of a Grain… By: 08/15/2014 @ 12:46pm Traders end the week the same way they started it, by scratching their heads. Confusion reigned…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Can Corn Catch Fire in September?