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 +

Soybeans Close Lower, Wheat Higher By: 08/27/2014 @ 9:03am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean, wheat markets ended…

Soybeans to Edge Higher Wednesday By: 08/27/2014 @ 7:09am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Corn, Soybeans End Lower By: 08/26/2014 @ 9:07am DES MOINES, Iowa (Agriculture.com)--The CME Group corn and soybean markets finished lower…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Crop Ratings Weigh on Farm Markets