Corn, soybean prices to open mixed
Mostly lower overnight farm markets have the trade thinking the day trading session could follow, with little fresh news Monday.
The Early Calls for the commodities on Monday, April 30, 2012, are mostly lower.
Corn is seen opening 1-2 cents higher, soybeans 3-5 cents lower and wheat 6-8 cents lower.
In overnight trading, the July corn futures contract traded 3/4 of a cent higher at $6.26 1/4 per bushel. July soybean futures traded 4 1/2 cents lower at $14.89 per bushel, and July wheat traded 6 3/4 cents lower at $6.43 1/4. For July soybean meal futures, the contract traded $0.80 per short ton lower at $427.60. July soybean oil futures traded $0.13 lower at $55.40.
The outside markets are unfriendly for Monday's grain trade. The real factors driving the calls will be the lower overnight markets.