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Soybeans up, corn down at mid-day

Jeff Caldwell 10/15/2010 @ 11:49am Agricultural content creator and marketer.

Grain futures remain mixed, with wheat and soybeans moving higher and corn lingering slightly lower at mid-day Friday.

December '10 corn was 1/2 cent per bushel lower at mid-day, while November soybeans were 6 1/4 higher and December wheat 2 1/2 higher, according to Barchart.com.

Soybeans derived some strength Friday morning on news of more Chinese bean purchases. But, "advances were pared by profit taking, as hedge selling and talk that prices are reaching overbought levels enticed traders into reduce risk exposure ahead of the weekend," analysts say in a report from Dow Jones Newswires.

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