Corn, wheat seen starting higher Monday.
On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly higher.
The early calls for the commodities on Monday, January 13, 2014, are mostly higher. Corn is seen opening 1 to 2 cents higher, soybeans 5 to 7 cents lower, and wheat 4 to 5 cents higher.
In overnight trading, the March corn futures contract traded 1 cent higher at $4.33 per bushel. The March soybean futures traded 5 1/2 cents lower at $12.73. The March wheat futures contract traded 4 cents higher at $5.73. For March soybean meal futures, the contract traded $2.90 per short ton higher at $410.70; March soybean oil futures traded $0.08 lower at $38.15.
The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.