Soybeans to Surge Double-Digits Wednesday
The CME Group corn, soybean, and wheat markets are poised to start mostly higher.
The early calls for the commodities on Wednesday, April 16, 2014, are mostly higher. Corn is seen opening 1 to 2 cents lower, soybeans 15 to 17 cents higher, and wheat 1 to 2 cents higher.
In overnight trading, the May corn traded 3/4 cents lower at $5.03 per bushel. May soybean futures traded 18 1/4 cents higher at $15.19 per bushel. May wheat futures traded 2 3/4 cents higher at $7.04.
The outside markets are favorable for Wednesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.