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Corn, soybeans to climb Wednesday

11/14/2012 @ 6:37am

DES MOINES, Iowa (Agriculture.com)--It appears the CME Group corn and soybean markets are headed for a second straight day of trading higher Wednesday. 

The Early Calls for the commodities on Wednesday, November 14, 2012, are higher. Corn is seen opening 5-7 cents higher, soybeans 13-15 cents higher, and wheat 4-6 cents higher.

In overnight trading, the Dec. corn futures contract traded 3 cents higher at $7.27 per bushel. January soybean futures traded 13 cents higher at $14.21 per bushel, and Dec. wheat traded 6 cents higher at $8.57. For Dec. soybean meal futures, the contract traded $3.30 per short ton higher at $436.40. Dec. soybean oil futures traded $0.83 higher at $47.85.

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

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

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