Corn, Soybeans To Edge Higher Thursday
On Thursday, the CME Group's corn, soybean and wheat markets are expected to start higher.
The early calls for the commodities on Thursday, June 26, 2014, are up. Corn is seen opening 1-2 cents higher, soybeans 4-6 cents higher, and wheat 1-2 cents higher.
In overnight trading, the Sep corn futures contract traded 1 3/4 cents higher at $4.37 per bushel. July soybean futures traded 8 1/4 cents higher at $14.24. The Sep. wheat futures contract traded 1 3/4 cents higher at $5.86. For Aug. soybean meal futures, the contract traded $3.50 per short ton higher at $439.30; Aug soybean oil futures traded unchanged at $40.76.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the higher overnight markets.