Corn, soybeans to trend mixed Monday
The CME Group corn, soybean, and wheat markets are poised to start mixed following mostly only slightly higher overnight prices Monday.
The early calls for the commodities on Friday, August 5, 2013, are mixed. Corn is seen opening 1 to 2 cents lower, soybeans mixed, and wheat 1 to 2 cents higher.
In overnight trading, the Sep. corn traded 3 cents lower at $4.73 per bushel, while the Dec. contract traded 2 cents lower at $4.62. Aug. soybean futures traded unchanged at $13.31 per bushel, while the Nov. soybean futures are 1 cent higher at $11.82. Sep. wheat futures traded 1 cent higher at $6.61.
The outside markets are favorable for Monday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.