Soybeans seen trading higher Friday
On Friday, the CME Group's corn and wheat markets are expected to start lower.
The early calls for the commodities on Friday, September 27, 2013, are mostly lower. Corn is seen opening 1 to 2 cents lower, soybeans 4 to 5 cents higher, and wheat 1 to 2 cents lower.
In overnight trading, the Dec. corn futures traded 1/4 cent lower at $4.56 per bushel. The Nov. soybean futures traded 4 cents higher at $13.20. The Dec. wheat futures contract traded 1/4 cent lower at $6.77. For Dec. soybean meal futures, the contract traded $1.20 per short ton higher at $416.10; Dec. soybean oil futures traded $0.19 higher at $42.24.
The outside markets are favorable for Friday's grain trade. The real factors driving the calls will be the lower overnight markets.