Home / News / Crops news / Mostly higher soybean, wheat prices seen

Mostly higher soybean, wheat prices seen

08/17/2012 @ 8:06am

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

The Early Calls for the commodities on Friday, August 17, 2012, are mostly higher. Corn is seen opening 2-4 cents lower, soybeans 5-7 cents higher, and wheat 7-9 cents higher.

In overnight trading, the Dec. corn futures contract traded 2 1/2 cents lower at $8.05 per bushel. Nov. soybean futures traded 7 1/2 cents higher at $16.32 per bushel, and Dec. wheat traded 8 cents higher at $8.89 3/4. For Dec. soybean oil futures traded $0.09 higher at $53.75. The Dec. soymeal futures traded $3.60 per short ton higher at $493.20.

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


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


CancelPost Comment
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Corn dips to end a 'horrible' trading week Friday, April 5
MORE FROM MIKE MCGINNIS more +

Corn, soybeans end lower By: 04/05/2013 @ 10:08am DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean markets finished lower, while wheat ...

Farm prices to drop Friday By: 04/05/2013 @ 7:26am DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean and wheat markets are poised for a ...

Corn, wheat seen trading higher Wednesday By: 04/03/2013 @ 6:53am DES MOINES, Iowa (Agriculture.com)--The CME Group corn and wheat markets are poised for a higher ...