Corn seen lower, soybeans higher Monday
On Monday, the CME Group's corn, soybean and wheat markets are expected to start mostly lower.
The early calls for the commodities on Monday, February 10, 2014, are mostly weaker. Corn is seen opening 1-2 cents lower, soybeans 1-2 cents higher, and wheat 1-2 cents lower.
In overnight trading, the March corn futures contract traded 2 1/4 cents lower at $4.42 per bushel. March soybean futures traded 2 cents higher at $13.33. The March wheat futures contract traded 3 3/4 cents lower at $5.73. For March soybean meal futures, the contract traded $0.30 per short ton lower at $446.10.
The outside markets are favorable for Monday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.