Home / News / Crops news / A lower corn, soybean start Friday

A lower corn, soybean start Friday

03/16/2012 @ 6:27am

A lower overnight trade is signaling the same kind of prices for the CME Group corn, soybean and wheat day session Friday. After strong rallies yesterday, profit-taking could be the theme for the end of the week.

The Early Calls for the commodities on Friday, March 16, 2012, are lower. 

Corn is seen opening 3-4 cents lower, soybeans 2-4 cents lower and wheat 3-5 cents lower.

In overnight trading, the July corn futures contract traded 2 1/4 cents lower at $6.64 3/4 per bushel. July soybean futures traded 2 1/4 cents lower at $13.73 1/4 per bushel, and July wheat traded 3 cents lower at $6.69 1/2. For July soybean meal futures, the contract traded $0.90 per short ton lower at $371.80. July soybean oil futures traded $0.23 lower at $55.62.

The outside markets are favorable for Friday's grain trade. The real factors driving the calls will be the lower overnight markets.

Discuss the corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter