Farm markets seen mixed Friday
On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly higher.
The early calls for the commodities on Friday, October 4, 2013, are mostly higher. Corn is seen opening 1-2 cents higher, soybeans 5-7 cents lower, and wheat 1-2 cents higher.
In overnight trading, the Dec. corn futures traded 1 1/2 cents higher at $4.40 per bushel. The Nov. soybean futures traded 5 3/4 cents lower at $12.82. The Dec. wheat futures contract traded 1 1/2 cents higher at $6.90. For Dec. soybean meal futures, the contract traded $1.50 per short ton lower at $413.80; Dec. soybean oil futures traded $0.24 lower at $40.03.
The outside markets are slightly favorable for Friday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.