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
MORE FROM MIKE MCGINNIS more +

Rangebound Corn Market Ends Higher By: 07/30/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group corn and wheat markets stayed…

Soybean, Corn Markets To Dip Wednesday By: 07/30/2014 @ 7:43am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybeans, Wheat Close Double-Digits Lower By: 07/29/2014 @ 3:12pm On Tuesday, the CME Group soybean market took back some of the gains from yesterday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Trumps Demand