Soybeans, corn to start lower 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, February 11, 2014, are mostly weaker. Corn is seen opening 1-2 cents lower, soybeans 2-4 cents lower, and wheat 1-2 cents higher.
In overnight trading, the March corn futures contract traded 1 3/4 cents lower at $4.41 per bushel. March soybean futures traded 11 1/2 cents lower at $13.14. The March wheat futures contract traded 1 1/4 cents higher at $5.86. For March soybean meal futures, the contract traded $4.50 per short ton lower at $439.50.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.