Home / Markets / Markets Analysis / Corn market / Higher farm markets seen for Friday

Higher farm markets seen for Friday

01/03/2014 @ 7:53am

On Friday, the CME Group's corn, soybean and wheat markets are expected to start higher.

The early calls for the commodities on Friday, January 3, 2013, are higher. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents higher, and wheat 1-2 cents higher.

In overnight trading, the CME Group electronic March corn futures traded 1/2 of a cent higher at $4.21 per  bushel. The March soybean futures traded 2 cents higher at $12.72. The March wheat futures traded 1/2 of a cent higher at $5.97. The March soymeal contract traded $0.30 per short ton higher at $406.60. The March soyoil futures traded $0.05 higher at $38.85.

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


Discuss the corn, soybean and wheat markets in Marketing Talk.

On  Friday, the USDA Weekly Export Sales, (Released a day late), show that soybean sales beat expectations. 

U.S. corn sales totaled 174,800 metric tons vs. the trade's expectations of  250 to 900,000 metric tons. Soybean sales were pegged at 1.180 million metric tons vs. the trade's expectatios of 400 to 900, 000 metric tons. Wheat exports totaled 256,500 metric tons vs. the trade's expectations of 200 to 600,000 metric tons.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear. The Midwest frost threat is no longer a worry, through early October…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Improving Soil Health