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 Agricultural content creator and marketer.

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

USDA Trims Soybean Crop, Stocks; Wheat Crop… By: 06/10/2015 @ 11:11am A smaller soybean crop, a slightly corn crop and a larger wheat crop. That's what USDA…

The [A] List: 3 Big Things This Morning… By: 06/02/2015 @ 6:32am Grains trading higher; crop conditions highest we'll see this year?Grain prices were mixed…

Corn Planting Hits 95% Completion -- USDA By: 06/01/2015 @ 4:04pm For all intents and purposes, corn planting is wrapped up for this year. As of Sunday, only 5% of…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Freese Notis Midwest Weather Outlook