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Soybean prices to go higher, corn seen lower Friday

03/15/2013 @ 7:03am

A mostly lower trading day is seen for the CME Group farm markets Friday.

The early calls for the commodities on Friday, March 15, 2013, are mixed. Corn is seen opening 1-2 cents lower. Soybeans are seen 3-5 cents higher and wheat 1-2 cents higher.

In overnight trading, the May corn futures contract traded 1 cent lower at $7.15 per bushel. May soybean futures traded 5 cents higher at $14.40 per bushel, and May wheat traded 2 cents lower at $7.22. For May soybean meal futures, the contract traded $0.60 per short ton higher at $425.60. May soybean oil futures traded $0.43 cents higher at $49.77.

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

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

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