Home / News / Crops news / Slightly higher start seen for grains

Slightly higher start seen for grains

01/18/2013 @ 8:19am

For Friday, the CME Group corn, soybean, and wheat markets are expected to trade slightly higher.

The early calls for the commodities on Friday, January 18. 2013, are higher. Corn is seen opening 2 to 4 cents higher. Soybeans are seen 1 to 2 cents higher and wheat 2 to 3 cents higher.

In overnight trading, the March corn futures contract traded 4 cents higher at $7.28 per bushel. March soybean futures traded 1 cent higher at $14.31 per bushel, and March wheat traded 3 cents higher at $7.84. For March soybean meal futures, the contract traded $1.70 per short ton higher at $415.70. March soybean oil futures traded 4 cents lower at $51.45. 

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


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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Bullish Soybean Data Trumped By: 09/30/2014 @ 10:54am As of September 1, the USDA sees the U.S. soybean and corn stocks getting tighter.In its Quarterly…

Corn, Soybean Markets Dip Tuesday By: 09/30/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn, soybean, and wheat…

Corn, Soybeans to Drop Tuesday By: 09/30/2014 @ 8:01am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist