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Soybeans, wheat open higher ahead of USDA

02/10/2014 @ 8:57am

DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean and wheat markets started mostly higher.

The USDA will release its February Stocks and World Production Reports at 11:00am CT, Monday.

At the open, the March corn futures contract is trading  1/2 of a cent lower at $4.43. The March soybean futures contract is 3 1/2 cents higher at $13.35. March wheat futures are 1 1/2 cents higher at $5.79 per bushel. The March soymeal futures contract is trading $1.30 per short ton lower at $447.70. The March soyoil futures are trading $0.42 higher at $38.98.
In the outside markets, the Brent crude oil is $1.66 per barrel lower, the dollar is lower and the Dow Jones Industrials are 1 points lower.

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