Home / News / Crops news / Weather spurs corn, soybeans higher

Weather spurs corn, soybeans higher

06/22/2012 @ 7:49am

With hot/dry Midwest weekend weather ahead, the CME Group corn, soybean and wheat markets are poised to trade higher Friday. 

The Early Calls for the commodities on Friday, June 22, 2012, are higher. Corn is seen opening 7-9 cents higher, soybeans 12-13 cents higher, and wheat 9-11 cents higher.

In overnight trading, the July corn futures contract traded 10 1/2 cents  higher at $5.97 per bushel. July soybean futures traded 15 3/4 cents higher at $14.54 per bushel, and July wheat traded 12 3/4 cents higher at $6.74 3/4. For July soybean meal futures, the contract traded $4.20 per short ton higher at $433.20. July soybean oil futures traded $0.08 lower at $49.73.

The outside markets are favorable 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 +

Wheat Ends 13¢ Lower By: 09/03/2015 @ 9:08am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's corn, soybean, and wheat…

Corn Seen Lower, Soybeans Higher Thursday By: 09/03/2015 @ 7:38am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans, Corn End Weaker By: 09/02/2015 @ 8:55am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
NCGA Connects with Consumers
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]