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Corn, soybean markets to rise

05/25/2012 @ 7:44am

Higher overnight markets will spark positive CME Group corn, soybean and wheat prices for Friday's day-time session.

The Early Calls for the commodities on Friday, May 25, 2012, are higher. Corn is seen opening 7-8 cents higher, wheat 10-12 cents higher and soybeans 3-5 cents higher.

In overnight trading, the July corn futures contract traded 8 cents higher at $5.86 1/2 per bushel. July soybean futures traded 3 cents higher at $13.79 per bushel, and July wheat traded 12 1/2 cents higher at $6.75. For July soybean meal futures, the contract traded $0.90 per short ton lower at $409.90. July soybean oil futures traded $0.29 higher at $49.71.

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

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

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