On Friday, the CME Group's corn, soybean and wheat markets are expected to trade mostly weaker.
The early calls for the commodities on Friday, January 10, 2013, are mixed. Corn is seen opening 1-2 cents lower, soybeans 4-6 cents higher, and wheat 1-2 cents lower.
In overnight trading, the CME Group electronic March corn futures traded 2 cents lower at $4.09 per bushel. The March soybean futures traded 3 cents higher at $12.76. The March wheat futures traded 2 1/2 cents lower at $5.81. The March soymeal contract traded $2.50 per short ton higher at $416.80. The March soyoil futures traded $0.17 lower at $37.79.
The outside markets are unfavorable for Friday's grain trade. The real factors driving the calls will be the mixed overnight markets.
On Friday, the USDA will release its January Crop Production and Stocks Reports at 11:00am CT.