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
MORE FROM MIKE MCGINNIS more +

Soybeans Close Day, Month On A Rally By: 10/31/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)—A buying frenzy, at the close Friday, pushed up the CME Group…

Lower Farm Markets Seen For Friday By: 10/31/2014 @ 8:13am On Friday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes