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

Weather spurs corn, soybeans higher

06/22/2012 @ 7:47am

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 +

Farm Markets Open to the Downside Thursday By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)--On Thursday, the early CME Group trading of corn, soybean…

Corn, Wheat To Trade Higher Thursday By: 10/30/2014 @ 7:44am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 35¢ Higher Wednesday By: 10/29/2014 @ 9:12am DES MOINES, Iowa (Agriculture.com)—On Wednesday, the CME Group soybean complex ended on a sharp…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?