Home / News / Crops news / Corn, soybean prices lean higher Friday

Corn, soybean prices lean higher Friday

05/03/2013 @ 6:40am

Following support from overnight trading, the CME Group's corn, soybean, and wheat markets are expected higher Friday.


The early calls for the commodities on Friday, May 3, 2013, are higher. Corn is seen opening 2 to 4 cents higher, soybeans 6 to 8 cents higher, and wheat 5 to 7 cents higher.

In overnight trading, the July corn futures contract traded 2 cents higher at $6.64 per bushel. July soybean futures traded 6 cents higher at $13.78 per bushel, and July wheat traded 5 cents higher at $7.33. For July soybean meal futures, the contract traded $1.50 per short ton higher at $407.70. January soybean oil futures traded 32 cents higher at $48.81.


The outside markets are mostly 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.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA: Corn Harvest Is 4% Complete By: 09/15/2014 @ 3:40pm As expected, the U.S. corn and soybean crop condition ratings have been left unchanged from a week…

Corn, Soybeans Close Higher By: 09/15/2014 @ 8:52am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group corn and soybean markets…

Corn, Soybeans to Start Lower Monday By: 09/15/2014 @ 8:10am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Case IH Magnum Rowtrac