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

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.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]