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Steady-to-higher farm markets seen

01/02/2013 @ 8:21am

The CME Group commodities are expected to start mixed Wednesday. The early calls for the commodities on Wednesday, January 2, 2012, are mixed. Corn is seen opening 1-2 cents higher. Soybeans are seen 1-2 cents lower and wheat 1-2 cents higher.

In overnight trading, the March corn futures contract traded 1 1/2 cents higher at  $6.99 per bushel. January soybean futures traded 1 cent lower at $14.18 per bushel, and March wheat traded 1 cent higher at $7.79. For January soybean meal futures, the contract traded $0.60 per short ton lower at $420.00. January soybean oil futures traded $0.05 cents higher at $49.21. 

The outside markets favorable for Wednesday's grain trade. The real factors driving the calls will be the mixed overnight markets.

Discuss the corn, soybean and wheat markets in Marketing Talk.

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