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Farm prices to drop Friday

04/05/2013 @ 7:26am

DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean and wheat markets are poised for a lower trading session Friday. 

The early calls for the commodities on Friday, April 5, 2013, are lower.

In overnight trading, the May corn futures contract traded 1 cent lower at $6.29 per bushel. May soybean futures traded 13 cents lower at $13.59 per bushel, and May wheat traded 2 cents lower at $6.91. For May soybean meal futures, the contract traded $4.00 per short ton lower at $393.10 May soybean oil futures traded $0.16 cents lower at $48.39.

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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