Lower Corn, Soybean Markets Seen Tuesday
On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly lower.
The early calls for the commodities on Tuesday, August 26, 2014, are mostly weaker. Corn is seen opening 1 to 2 cents lower, soybeans 3 to 5 cents lower, and wheat 1 to 2 cents higher. In overnight trading, the Dec. corn futures contract traded 1/4 cent lower at $3.67 per bushel. Nov. soybean futures traded 5 cents lower at $10.24. The Dec. wheat futures contract traded 1/4 cent lower at $5.54.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.