Corn, soybeans to trade mixed
On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly higher.
The early calls for the commodities on Wednesday, September 18, 2013, are slightly higher. Corn is seen opening 1 to 2 cents higher, soybeans 2 to 4 cents lower, and wheat 1 to 2 cents higher.
In overnight trading, the Dec. corn futures traded 1/2 of a cent higher at $4.54 per bushel. The Nov. soybean futures traded 4 cents lower at $13.38. The Dec. wheat futures contract traded 1 cent higher at $6.44. For Dec. soybean meal futures, the contract traded $1.60 per short ton lower at $425.00; Dec. soybean oil futures traded $0.13 lower at $42.11.
The outside markets are unfavorable for Wednesday's grain trade. The real factors driving the calls will be the slightly higher overnight markets.