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Mixed start expected for Friday grains

Jeff Caldwell 12/07/2012 @ 6:29am Agricultural content creator and marketer.

The grains didn't see a lot of movement overnight, and it's got early calls mixed heading into Friday's open outcry trading session.

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

As of 6:11 AM CST, the March corn futures contract was 3 1/4 lower at $7.48 1/4 per bushel while March wheat was 2 3/4 lower at $8.59 1/4 and January soybeans were 3 higher at $14.94 1/4.

Though weather concerns in South America are still a big focus for the bullish soybean trade in the U.S., there are early signs that there could be a slip in price Friday; soybean futures on the Dalian Commodity Exchange in China fell Friday, ending 2 days of higher prices on light profit-taking.

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