Home / News / Crops news / Corn, soybean prices to rise

Corn, soybean prices to rise

04/20/2012 @ 7:48am

Demand for U.S. commodities has the CME Group soybean and corn markets on an upward trading movement Friday.

The Early Calls for the commodities on Friday, April 20, 2012, are higher. 

Corn is seen opening 4-6 cents higher, soybeans 5-7 cents higher and wheat 1-2 cents lower.

In overnight trading, the July corn futures contract traded 4 1/4 cents higher at $6.16 1/4 per bushel. July soybean futures traded 5 1/2 cents higher at $14.26 1/2 per bushel, and July wheat traded 1 cent lower at $6.29. For July soybean meal futures, the contract traded $2.20 per short ton higher at $397.60. July soybean oil futures traded $0.25 higher at $55.84.

The outside markets are friendly forFriday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.

Rumors of China buying U.S. corn this week has the marketwatchers optimistic of higher prices to end the week.

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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Turn Higher By: 04/27/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group's soybean market has…

Soybeans To Edge Higher Monday By: 04/27/2015 @ 7:41am On Monday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Wheat Closes 11¢ Lower By: 04/24/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean, and wheat…

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

FREE MEMBERSHIP!

CLOSE [X]