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Higher corn, soybean markets Monday

02/06/2012 @ 7:27am

Despite unfavorable outside markets, the CME Group corn, soybean and wheat markets will give higher trading a try Monday. 

The Early Calls for the commodities on Monday, February 6, 2012, are higher. Corn is seen opening 2-4 cents higher, soybeans 6-8 cents higher, and wheat 2-4 cents higher.

In overnight trading, the March corn futures contract traded 1 3/4 cents higher at $6.46 1/4 per bushel. March soybean futures traded 6 cents higher at $12.38 1/2 per bushel, and March wheat traded 1 1/4 cents higher at $6.62. For March soybean meal futures, the contract traded $0.10 per short ton higher at $329.60. March soybean oil futures traded $0.28 higher at $51.93.

The outside markets are not favorable for Monday's grain trade. The real factors driving the calls will be the higher overnight markets.

Discuss corn, soybean and wheat markets in Marketing Talk.

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