Home / Markets / Markets Analysis / Soybeans market / Grains called slightly lower Friday

Grains called slightly lower Friday

02/04/2011 @ 7:52am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, February 4, 2011 are mixed. Corn is seen opening 1-2 cents higher, soybeans 1-2 cents lower and wheat down 2-4 cents.

In overnight electronic trading, the March corn futures contract traded 1 3/4 cents higher at $6.64 1/2. The March soybean futures contract traded 1/2 of a cent lower at $14.35 per bushel. The March wheat futures contract traded 3 1/2 cents lower at $8.55 1/2. For March soymeal futures, the contract traded $1.80 per short ton lower at $384.60, and March soyoil up 0.02 at $58.80.

The outside markets are mildly supportive for Friday's grain trade. The real factors driving the mixed early calls are the mostly lower overnight markets.

The stock markets in China and Japan are closed for the lunar New Year through the end of next week.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farm Markets Open to the Downside Thursday By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)--On Thursday, the early CME Group trading of corn, soybean…

Corn, Wheat To Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

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?