Corn to see second day of higher prices
DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean markets could start slightly higher, wheat lower Tuesday.
The early calls for the commodities on Tuesday, April 9, 2013, are mostly higher.
In overnight trading, the May corn futures contract traded 5 cents higher at $6.38 per bushel. May soybean futures traded 1 cent higher at $13.78 per bushel, and May wheat traded 2 cents lower at $7.10. For May soybean meal futures, the contract traded $0.90 per short ton lower at $392.40 May soybean oil futures traded $0.06 cents higher at $49.58.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.