Home / News / Business news / Grains seen starting higher

Grains seen starting higher

08/13/2010 @ 7:31am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, August 13, 2010 are higher. The early calls for corn are -3-5 cents higher, soybeans up 7-9 cents and wheat up 10-12 cents.

In overnight electronic trading, the Dec. corn futures contract traded 3 1/4 cents higher at $4.25 per bushel. The Nov. soybean futures contract traded 7 3/4 cents higher at $10.36 1/4 per bushel. The Sep. wheat futures contract traded 10 1/2 cents higher at $7.23 1/2. For Dec. soymeal futures, the contract traded $1.10 per short ton lower at $295.10, and Dec. soyoil up 0.72 point at $42.55.

The outside markets are not supportive for Friday's grain trade. The real factor driving the higher early calls are the strong overnight markets. 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]