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Farm markets to lean lower Friday

Updated: 04/26/2013 @ 10:10am

DES MOINES, Iowa (Agriculture.com)--A lower trading day is seen for the CME Group farm markets Friday.

The early calls for the commodities on Friday, April 26, 2013, are lower. Corn is seen opening 2 to 4 cents lower. Soybeans are seen steady and wheat 4 to 6 cents lower.

In overnight trading, the July corn futures contract traded 2 cents lower at $6.22 per bushel. July soybean futures traded unchanged at $13.72 per bushel, and July wheat traded 4 cents lower at $6.99. For July soybean meal futures, the contract traded 70 cents per short ton higher at $400.80. July soybean oil futures traded 24 cents lower at $49.24.

The outside markets are unfavorable for Friday's grain trade. The real factors driving the calls will be the lower overnight markets.

Discuss the corn, soybean and wheat markets in Marketing Talk.

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