Home / News / Crops news / Lower start for corn, soybeans

Lower start for corn, soybeans

01/13/2012 @ 6:59am

Despite favorable outside market support, the CME Group corn, soybean and wheat prices will start Friday the 13th trading session lower.

The Early Calls for the commodities on Friday, January 13, 2012, are lower. Corn is seen opening 1-2 cents lower, soybeans 4-6 cents lower, and wheat 5-7 cents lower.

In overnight trading, the March corn futures contract traded 3/4 of a cent higher at $6.12 1/4 per bushel. March soybean futures traded 3 3/4 cents higher at $11.86 1/4 per bushel, and March wheat traded 4 1/2cents higher at $6.09 1/2. For March soybean meal futures, the contract traded $0.80 per short ton higher at $307.90. March soybean oil futures traded $0.15 lower at $51.31.

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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

Corn, Soybeans to Move Lower Friday By: 07/25/2014 @ 7:41am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101