Home / News / Crops news / Markets seen mixed ahead of USDA

Markets seen mixed ahead of USDA

05/10/2013 @ 7:27am

The CME Group's corn, soybean and wheat markets are expected to start mostly lower Friday. 

The Early Calls for the commodities on Friday, May 10, 2013, are higher. Corn is seen opening 4-5 cents lower, soybeans mixed, and wheat 6-8 cents lower.

In overnight trading, the July corn futures contract traded 3 cents lower at $6.46 per bushel. The Dec. corn futures traded 4 cents lower at $5.37. 

July soybean futures traded 6 cents higher at $14.14 per bushel, while Nov. soybeans traded 1 cent lower at $12.18. 

The July wheat traded 6 cents lower at $7.17. For July soybean meal futures, the contract traded $2.60 per short ton higher at $415.80. The July soybean oil futures traded $0.01 lower at $49.21.

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

On Thursday, the USDA will release its May Wheat Production and Global Supply/Demand Report at 11:00am CT.


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]