Home / News / Crops news / Soybeans to surge higher Friday

Soybeans to surge higher Friday

11/22/2013 @ 7:33am

On Friday, the CME Group's corn, soybean and wheat markets are expected to extend gains from yesterday.

The early calls for the commodities on Friday, November 22, 2013, are higher. Corn is seen opening 2-4 cents higher, soybeans 10-12 cents higher, and wheat 2-4 cents higher.

In overnight trading, the Dec. corn futures contract traded 1 1/2 cents higher at $4.24 per bushel.  The January soybean futures traded 14 cents higher at $13.05. The Dec. wheat futures contract traded 2 1/4 cents higher at $6.51. For Dec. soybean meal futures, the contract traded $6.50 per short ton higher at $412.00; Dec. soybean oil futures traded $0.13 lower at $41.67.

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

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA Data Drops Corn 18¢ Tuesday By: 03/31/2015 @ 10:22am DES MOINES, Iowa (Agriculture.com)—It’s a big surprise from the USDA Tuesday. The U.S…

Corn, Wheat Close 18¢ Lower By: 03/31/2015 @ 8:37am DES MOINES, Iowa  (Agriculture.com)—On Tuesday, a USDA Report that showed greater U.S. corn…

Ahead of USDA, Corn, Soybeans Seen Lower… By: 03/31/2015 @ 7:25am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start lower. USDA…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]