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Friday farm markets to jump

02/03/2012 @ 7:36am

The CME Group corn, soybean and wheat markets will try to capitalize on continued world crop-weather concerns to trade higher Friday.

The Early Calls for the commodities on Friday, February 3, 2012, are higher. Corn is seen opening 2-4 cents higher, soybeans 6-8 cents higher, and wheat 6-8 cents higher.

In overnight trading, the March corn futures contract traded 2 cents higher at $6.45 per bushel. March soybean futures traded 8 1/4 cents higher at $12.25 1/4 per bushel, and March wheat traded 6 cents higher at $6.68 3/4. For March soybean meal futures, the contract traded $1.80 per short ton higher at $325.20. March soybean oil futures traded $0.30 higher at $51.49.

The outside markets are 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 Market Talk.

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