Slightly Higher Grain Markets Seen For Thursday
The CME Group corn, soybean and wheat markets are poised to start mostly higher.
The Early Calls for the commodities on Thursday, June 5, 2014, are mostly higher. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents lower, and wheat 1-2 cents lower.
In overnight trading, the July corn traded 3/4 cents higher at $4.57 per bushel. July soybean futures traded 2 3/4 cents lower at $14.79 per bushel. July wheat futures traded 1 3/4 cents higher at $6.16.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.