Home / News / Crops news / Corn, soybeans await export data

Corn, soybeans await export data

01/04/2013 @ 7:17am

Unless signs of demand improvement show up in this morning's USDA Weekly Export Sales data, lower overnight follow-through trading is expected to keep the CME Group commodities lower Friday. 

The early calls for the commodities on Friday, January 4, 2012, are mostly lower. Corn is seen opening 1-2 cents lower. Soybeans are seen 1-2 cents higher, and wheat mixed.

In overnight trading, the March corn futures contract traded 1 cent lower at $6.88 per bushel. January soybean futures traded 1 cent higher at $14.04 per bushel, and March wheat traded 1 cent lower at $7.54. For January soybean meal futures, the contract traded $1.60 per short ton higher at $407.20. January soybean oil futures traded 26 cents lower at $49.95.

The outside markets are unfavorable for Friday's grain trade. The real factors driving the calls will be the mixed overnight markets and the export sales numbers at 7:30am CT.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

Corn, Soybeans to Move Lower Friday By: 07/25/2014 @ 7:41am On Friday, 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.
Scott Shellady: Options 101