Corn, soybeans to tick higher Tuesday
On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start higher.
The early calls for the commodities on Tuesday, September 17, 2013, are slightly higher. Corn is seen opening 1 to 2 cents higher, soybeans 2 to 4 cents higher, and wheat 1 to 2 cents higher.
In overnight trading, the Dec. corn futures traded 3 1/2 cents higher at $4.60 per bushel. The Nov. soybean futures traded 3 3/4 cents higher at $13.52. The Dec. wheat futures contract traded 3 cents higher at $6.44. For Dec. soybean meal futures, the contract traded $1.60 per short ton higher at $430.10; Dec. soybean oil futures traded $0.05 lower at $42.32.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the slightly higher overnight markets.