Home / News / Crops news / Corn, soybeans to edge higher Friday

Corn, soybeans to edge higher Friday

09/06/2013 @ 7:41am

On Friday, the CME Group's corn, soybean, and wheat markets are expected to start higher.


The early calls for the commodities on Friday, September 6, 2013, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 2 to 4 cents higher, and wheat 1 to 2 cents higher.


In overnight trading, the Sept. corn futures contract traded 1 cent higher at $4.91 per bushel. Dec. corn futures traded 3 cents higher at $4.63 per bushel. Sep. soybean futures traded 2 cents higher at $14.25, while the Nov. soybean futures traded 3 cents higher at $13.70. The Dec. wheat futures contract traded 4 cents higher at $6.44. For Dec. soybean meal futures, the contract traded $0.30 per short ton lower at $429.10; Dec. soybean oil futures traded $0.47 higher at $44.00.


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


Join us for the Successful Farming Marketing Academy.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

Farm Markets Rally Thursday By: 08/28/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean, and wheat markets closed higher…

Farm Markets Seen Higher Thursday By: 08/28/2014 @ 6:41am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Holiday Profit Taking Pressures Markets