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Higher farm markets seen Monday

Updated: 03/24/2014 @ 10:24am

On Monday, the CME Group's soybean market is expected to start higher.

The early calls for the commodities on Monday, March 24, 2014, are higher. Corn is seen opening 2 to 4 cents higher, soybeans 8 to 10 cents higher, and wheat 7 to 9 cents higher.

In overnight trading, the May corn futures contract traded 4 cents higher at $4.83 per bushel. May soybean futures traded 8 1/4 cents higher at $14.17. The May wheat futures contract traded 7 3/4 cents higher at $7.01. For May soybean meal futures, the contract traded $2.90 per short ton higher at $458.80; May soybean oil futures traded $0.07 higher at $41.09.

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

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