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Corn, soybeans to start higher Friday

10/19/2012 @ 7:40am

The CME Group corn, soybean and wheat markets will have a chance to finish the week on a high note Friday.


The early calls for the commodities on Friday, October 19, 2012, are higher. Corn is seen opening 6 to 8 cents higher, soybeans 8 to 10 cents higher, and wheat 12 to 14 cents higher.


In overnight trading, the December corn futures contract traded 7 cents higher at $7.68 per bushel. November soybean futures traded 8 cents higher at $15.53 per bushel, and December wheat traded 14 cents higher at $8.83. For December soybean meal futures, the contract traded $3.90 per short ton higher at $467.20. December soybean oil futures traded 10 cents higher at $52.40.


The outside markets are unfavorable 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.


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