Corn, Soybean Markets To Lean Lower Friday

June 19th, 2015

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Category: Grains, Oilseeds

soybean field & blue sky 450x299(Agriculture.com) – On Friday, the CME Group’s corn, soybean and wheat markets are expected to start over.

The early calls for the commodities on Friday, June 19, 2015, are weaker. Corn is seen opening 1-2 cents lower, soybeans 4-5 cents lower, and wheat 1-2 cents lower.

In overnight trading, the July corn futures contract traded 2 3/4 cents lower at $3.55 per bushel. Dec. corn futures traded 3 cents lower at $3.70 per bushel. July soybean futures traded 4 1/2 cents lower at $9.73, while the Nov. soybean futures traded 3 3/4 cents lower at $9.38. The July wheat futures contract traded 1/4 of a cent lower at $4.87. For July soybean meal futures, the contract traded $2.20 per short ton lower at $324.40; July soybean oil futures traded $0.30 higher at $32.55.

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

 

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