Home / News / Crops news / A lower commodities start Friday

A lower commodities start Friday

03/02/2012 @ 7:32am

Much like yesterday, the CME Group corn, soybean and wheat markets are poised to repeat a back-and-forth trading session Friday. 

The Early Calls for the commodities on Friday, March 2, 2012, are lower. 

Corn is seen opening 3-5 cents lower, soybeans 4-6 cents lower and wheat 3-5 cents lower.

In overnight trading, the May corn futures contract traded 2 3/4 cents lower at $6.51 3/4 per bushel. May soybean futures traded 2 3/4 cents lower at $13.19 3/4 per bushel, and May wheat traded 1 3/4 cents lower at $6.62 1/4. For May soybean meal futures, the contract traded unchanged at $355.30. May soybean oil futures traded $0.31 lower at $53.96.

The outside markets are not favorable for Friday's grain trade. The real factors driving the calls will be the slightly lower overnight markets.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Drops Corn 18¢ Tuesday By: 03/31/2015 @ 10:22am DES MOINES, Iowa (Agriculture.com)—It’s a big surprise from the USDA Tuesday. The U.S…

Corn, Wheat Close 18¢ Lower By: 03/31/2015 @ 8:37am DES MOINES, Iowa  (Agriculture.com)—On Tuesday, a USDA Report that showed greater U.S. corn…

Ahead of USDA, Corn, Soybeans Seen Lower… By: 03/31/2015 @ 7:25am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower. USDA…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]