Soybeans, Corn, Wheat to Start Higher Thursday
On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start higher.
The early calls for the commodities on Thursday, April 3, 2014, are stronger. Corn is seen opening 4 to 5 cents higher, soybeans 13 to 15 cents higher, and wheat 3 to 5 cents higher.
In overnight trading, the May corn futures contract traded 4 cents higher at $4.99 per bushel. May soybean futures traded 15 cents higher at $14.77. The May wheat futures contract traded 3 cents higher at $6.72. For May soybean meal futures, the contract traded $6.10 per short ton higher at $482.60; May soybean oil futures traded $0.40 higher at $41.25.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the higher overnight markets.