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Corn, soybeans to start higher Friday

02/01/2013 @ 7:38am

The CME Group corn, soybean and wheat markets have a stronger tone to them Friday.

The early calls for the commodities on Friday, February 1, 2013, are higher. Corn is seen opening 4-6 cents higher. Soybeans are seen 10-12 cents higher and wheat 3-5 cents higher.

In overnight trading, the March corn futures contract traded 4 cents higher at $7.44 per bushel. March soybean futures traded 13 cents higher at $14.82 per bushel, and March wheat traded 5 cents higher at $7.84. For March soybean meal futures, the contract traded $3.10 per short ton higher at $429.50. March soybean oil futures traded $0.54 cents higher at $53.40. 

The outside markets are fairly favorable 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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