Mixed corn, soybean markets Friday

April 16th, 2012

By:

Category: Grains, Oilseeds

(Agriculture.com) – With mixed overnight markets, unfavorable outside markets, and weak economic news from China, the CME Group corn, soybeans and wheat is seen starting mixed Friday.

The Early Calls for the commodities on Friday, April 13, 2012, are mixed.

Corn is seen opening 2-4 cents higher, soybeans 1-2 cents lower and wheat 1-2 cents higher.

In overnight trading, the July corn futures contract traded 3/4 of a cent higher at $6.29 3/4 per bushel. July soybean futures traded 1 1/4 cents lower at $14.43 1/4 per bushel, and July wheat traded 1 1/4 cents higher at $6.45 3/4. For July soybean meal futures, the contract traded unchanged at $396.60. July soybean oil futures traded $0.45 lower at $57.15.

The outside markets are unfriendly for Friday’s grain trade. The real factors driving the calls will be the slightly higher overnight markets.

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