Mixed farm markets seen Thursday
On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly higher.
The early calls for the commodities on Thursday, April 17, 2014, are mostly higher. Corn is seen opening 1-2 cents lower, soybeans 3-5 cents higher, and wheat 5-7 cents higher.
In overnight trading, the May corn futures contract traded unchanged at $4.97 per bushel. May soybean futures traded 1 3/4 cents higher at $15.20. The May wheat futures contract traded 5 1/4 cents higher at $6.93. For May soybean meal futures, the contract traded $0.30 per short ton higher at $491.30; May soybean oil futures traded $0.06 lower at $42.65.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.