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Corn, Soybean Prices Seen Falling Monday

Updated: 07/07/2014 @ 12:25pm

On Monday, the CME Group's corn and soybean markets are expected to start mostly lower.

The early calls for the commodities on Monday, July 7, 2014, are weaker. Corn is seen opening 2 to 4 cents lower, soybeans 7 to 9 cents lower, and wheat 2 to 4 cents higher.

In overnight trading, the Dec. corn futures contract traded 2 3/4 cents lower at $4.15 per bushel. Nov. soybean futures traded 8 cents lower at $11.33. The Sep. wheat futures contract traded 4 cents higher at $5.79. For Dec. soybean meal futures, the contract traded $2.90 per short ton lower at $360.20; Dec. soybean oil futures traded $0.01 lower at $38.77.

The outside markets are favorable for Monday's grain trade. The real factors driving the calls will be the lower overnight markets.

Discuss the corn, soybean, and wheat markets in Marketing Talk.

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07/07/2014 @ 7:51am Hope you enjoyed yet another long holiday weekend off,dont worry though the farmers were out tending to you're crop so you could come back today to you're job not your livelihood.

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