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Grains seen mixed Tuesday

01/08/2013 @ 7:10am

The CME Group commodities are expected to start mixed Tuesday. The early calls for the commodities on Tuesday, January 8, 2012, are mostly lower. Corn is seen opening 1-2 cents lower. Soybeans are seen 5-7 cents lower and wheat 3-5 cents higher.

In overnight trading, the March corn futures contract traded 1 cent lower at  $6.84 per bushel. January soybean futures traded 5 cents lower at $14.05 per bushel, and March wheat traded 3 cents higher at $7.54. For January soybean meal futures, the contract traded $2.50 per short ton lower at $406.00. January soybean oil futures traded $0.10 cents lower at $49.40. 

The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the mixed overnight markets.

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