Home / News / Crops news / Corn, soybean prices seen weaker Friday

Corn, soybean prices seen weaker Friday

07/12/2013 @ 7:22am

After shrugging off a bearish USDA/WASDE Report and finishing higher yesterday, the CME  Group corn, soybean, and wheat prices are seen mostly lower Friday.


The early calls for the commodities on Friday, July 12, 2013, are mostly mixed. Corn is seen opening 2 to 4 cents lower, soybeans 1 to 2 cents higher, and wheat 2 to 4 cents higher.

In overnight trading, the Sept. corn futures contract traded 2 cents lower at $5.58 per bushel. Dec. corn futures traded 2 cents lower at $5.25 per bushel. Aug. soybean futures traded 1 cent higher at $14.72, while the Nov. soybean futures traded 3 cents lower at $12.88. The Sept. wheat futures contract traded 2 cents higher at $6.85. For Aug. soybean meal futures, the contract traded $2.50 per short ton higher at $460.50; Aug. soybean oil futures traded $0.31 lower at $46.22.

The outside markets are unfavorable for Friday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Demand Shoots Soybean Market Higher By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--On Thursday, the weekly export sales have breathed some life…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Wheat Closed 13¢ Lower By: 01/28/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)—As the CME Group’s wheat market searched for a low…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Acres Versus Bushels in 2015 - 3 Things
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]