Home / Markets / Markets Analysis / Corn market / Mostly higher corn, wheat markets Friday

Mostly higher corn, wheat markets Friday

05/18/2012 @ 7:41am

With mostly higher overnight markets the CME Group corn and wheat markets could see follow-through to start Friday.  

The Early Calls for the commodities on Friday, May 18, 2012, are mostly higher. Corn is seen opening 4-6 cents higher, wheat 1-2 cents higher and soybeans 4-6 cents lower.

In overnight trading, the July corn futures contract traded 4 1/2 cents higher at $6.29 1/2 per bushel. July soybean futures traded 6 1/4 cents lower at $14.31 3/4 per bushel, and July wheat traded 1 3/4 cents higher at $6.59 1/2. For July soybean meal futures, the contract traded $0.10 per short ton lower at $427.90. July soybean oil futures traded $0.18 lower at $50.54.

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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Profit-taking Sinks Soybeans, Corn By: 10/24/2014 @ 8:57am DES MOINES, Iowa (Agriculture.com)—With the CME Group’s corn, soybean and wheat markets turning…

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?