Corn, soybeans to edge higher Wednesday
On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start slightly higher.
The early calls for the commodities on Wednesday, September 11, 2013, are higher. Corn is seen opening 1 to 2 cents higher, soybeans 1 to 2 cents higher, and wheat 1 to 2 cents higher.
In overnight trading, the Dec. corn futures traded unchanged at $4.69 per bushel. The Nov. soybean futures traded 1 cent higher at $13.56. The Dec. wheat futures contract traded 1 cent higher at $6.47. For Dec. soybean meal futures, the contract traded $1.30 per short ton higher at $426.50; Dec. soybean oil futures traded $0.01 higher at $43.08.
The outside markets are favorable for Wednesday's grain trade. The real factors driving the calls will be the higher overnight markets.