Home / Markets / Markets Analysis / Soybeans market / Grain trade looks to start Friday higher

Grain trade looks to start Friday higher

Jeff Caldwell 12/23/2011 @ 7:26am Multimedia Editor for Agriculture.com and Successful Farming magazine.

The grains kept ahold of slight gains in the overnight trade Thursday night and Friday morning, and those gais are expected to spill over into Friday's open outcry session on the CME Group floor Friday.

Early calls for the grains are corn 1-3 higher, soybeans 3-5 higher and wheat 2-4 higher, according to private sources.

In the overnight session, March corn traded 1 1/4 cents higher at $6.18 3/4 per bushel, March wheat was 3 higher at $6.24 3/4 and January soybeans were 3 1/4 higher at $11.65 1/2, according to Barchart.com.

Pre-holiday positioning could send the grains into the red Friday, as traders settle up ahead of the long Christmas holiday weekend. But, traders say the South American weather stress -- a bullish factor to the grains -- will likely prevent any major losses.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Rural Economic Erosion Continues -- Goss By: 08/20/2014 @ 12:35pm The full extent of the sharp downturn in grain prices over the last few months likely won't be…

New Tool Lets You Conduct Your Own Soybean… By: 08/20/2014 @ 11:42am Crop tours and yield estimates are all the rage this time of year, with the corn and soybean crops…

Midwest Crop Briefs: Tuesday, August 19 By: 08/19/2014 @ 7:23am The mercury's heating up this week in the Corn Belt as expectations for this…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
CME Group and 4-H's Risk Ranch