Corn, wheat seen tracking higher Monday
The CME Group corn, soybean and wheat markets are poised to start mostly higher Monday.
The Early Calls for the commodities on Monday, February 3, 2014, are mixed. Corn is seen opening 1-2 cents higher, soybeans 1-2 cents lower, and wheat 1-2 cents higher.
In overnight trading, the March corn traded 2 cents higher at $4.36 per bushel March soybean futures traded 1 1/4 cents lower at $12.81 per bushel. March wheat futures traded 1/2 of a cent higher at $5.56.
The outside markets are favorable for Monday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.