Home / News / Crops news / Mixed farm markets seen Friday

Mixed farm markets seen Friday

08/02/2013 @ 6:37am

On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mixed.

 

The early calls for the commodities on Friday, August 2, 2013, are mixed. Corn is seen opening 2 to 3 cents lower, soybeans 6 to 8 cents higher, and wheat 2 to 4 cents higher.

In overnight trading, the Sept. corn futures contract traded 1 cent lower at $4.87 per bushel. Dec. corn futures traded 1 cent lower at $4.66 per bushel. Aug. soybean futures traded 5 cents higher at $13.63, while the Nov. soybean futures traded 6 cents higher at $11.98. The Sept. wheat futures contract traded 3 cents higher at $6.60. For Dec. soybean meal futures, the contract traded $2.20 per short ton higher at $361.40; Dec. soybean oil futures traded 7 cents higher at $42.99.


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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Low Markets For Years? By: 09/12/2014 @ 10:40am With estimates of record-large crops and the largest corn and soybean ending stocks in nearly a…

Soybeans End Higher, Corn Lower By: 09/12/2014 @ 8:49am DES MOINES, Iowa (Agriculture.com)-- With the governmental data showing big crops ahead, a bearish…

Farm Markets Seen Mixed Friday By: 09/12/2014 @ 7:18am On Friday, 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.
Case IH Magnum Rowtrac