Corn, Soybean, Wheat Markets Seen Mixed Tuesday
On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mostly lower.
The early calls for the commodities on Tuesday, April 4, 2014, are mixed. Corn is seen opening 2-4 cents lower, soybeans 2-4 cents higher, and wheat 2-4 cents lower.
In overnight trading, the May corn futures contract traded 2 1/2 cents lower at $4.96 per bushel. May soybean futures traded 2 cents higher at $14.66. The May wheat futures contract traded 2 1/2 cents lower at $6.73. For May soybean meal futures, the contract traded $2.40 per short ton higher at $476.70; May soybean oil futures traded $0.25 lower at $41.18.
The outside markets are mostly favorable for Tuesday's grain trade. The real factors driving the calls will be the lower overnight markets.