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Farm Markets to Dip Monday

Updated: 06/30/2014 @ 9:24am

On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The day's trade will be determined by the USDA June Acreage/Stocks Reports to be released at 11:00 a.m. CT.

The early calls for the commodities on Monday, June 30, 2014, are down. Corn is seen opening 2 to 4 cents lower, soybeans 2 to 4 cents lower, and wheat 5 to 7 cents lower.

In overnight trading, the Dec. corn futures contract traded 4 1/2 cents lower at $4.42 per bushel. Nov. soybean futures traded 1 3/4 cents lower at $12.26. The Dec. wheat futures contract traded 5 cents lower at $6.07. For Dec. soybean meal futures, the contract traded $0.50 per short ton higher at $393.50; Dec. soybean oil futures traded $0.21 lower at $40.18.

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

Discuss the USDA's June Acreage & Stocks Reports in Marketing Talk.

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