Grains start Friday session mixed
Soybeans and wheat are higher while corn dipped lower shortly after the open Friday morning.
Early expectations are for a higher trade Friday, with focus returning to bullish outside factors. But, a feared lag in demand has corn just into the red in early trading Friday.
In early trading, March corn was 1 1/2 cents lower at $5.93 1/4 per bushel, while January soybeans were 4 1/4 higher at $11.32 1/4 and March wheat was 3 cents higher at $6.05, according to Barchart.com.
The U.S. Dollar's weaker and the Dow Jones Industrial Average has started Friday off almost 100 points higher, both bullish factors to the grains. But, lower prices aren't out of the picture, at least for corn, as demand worries continue to linger. And, shaky corn prices aren't exactly inspiring confidence in corn when it comes to the acreage battle for 2012, either.
"These prices won't buy 95 million acres. We didn't need 95 million acres a year ago and we didn't get a 160 yield as we were told we would last March," says Agriculture.com Marketing Talk veteran contributor Mike M2692830.