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Farm Markets Seen Mixed Monday

Updated: 03/31/2014 @ 11:26am

On Monday, the CME Group's corn, soybean and wheat markets are seen mostly lower.

The USDA will release its March Planting Intentions Report/Quarterly Stocks Report at 11:00 a.m. CT, Monday.

The early calls for the commodities on Monday, March 31, 2014, are mostly lower. Corn is seen opening 2 to 4 cents lower, soybeans 1 to 2 cents higher, and wheat 5 to 7 cents lower.

In overnight trading, the May corn futures contract traded 4 3/4 cents lower at $4.87 per bushel. May soybean futures traded 1 cent higher at $14.37. The May wheat futures contract traded 6 1/4 cents lower at $6.89. For May soybean meal futures, the contract traded $0.10 per short ton higher at $468.50; May soybean oil futures traded $0.13 higher at $40.61.

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

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

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