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Corn, soybean prices seen mixed

06/06/2013 @ 6:52am

The CME Group's corn, soybean, and wheat markets are expected to start mixed-to-lower Thursday.

The early calls for the commodities on Thursday, June 6, 2013, are mostly lower. Corn is seen opening 2 to 4 cents lower, soybeans 6 to 8 cents lower, and wheat 1 to 2 cents higher.

In overnight trading, the July corn futures contract traded 2 cents higher at $6.59 per bushel. The December corn futures traded 2 cents higher at $5.44. July soybean futures traded 6 cents lower at $15.26 per bushel, while November soybeans traded 2 cents lower at $12.97. The July wheat traded 1 cent higher at $7.01. For July soybean meal futures, the contract traded $1.80 per short ton lower at $454.10. The July soybean oil futures traded 11 cents higher at $48.41.

The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the lower overnight markets.

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

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