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Mixed farm markets seen for Friday

08/24/2012 @ 8:11am

Much like they have done most of the week, the CME Group corn, soybean and wheat markets are expected to trade mixed Friday. 

The Early Calls for the commodities on Friday, August 24, 2012, are  mostly higher. Corn is seen opening 1-2 cents higher, soybeans 10-12 cents higher, and wheat 4-6 cents higher.

In overnight trading, the Dec. corn futures contract traded 3 1/2 cents  higher at $8.18 1/4 per bushel. Nov. soybean futures traded 13 1/4 cents higher at $17.28 per bushel, and Dec, wheat traded 7 cents higher at $9.01. For Dec. soybean meal futures, the contract traded $4.50 per short ton higher at $519.80. Dec, soybean oil futures traded $0.14 higher at $56.91.

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


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


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