Farm markets seen mixed Monday
The CME Group corn, soybean, and wheat markets are poised to start mostly lower, following mostly lower overnight prices Monday.
The early calls for the commodities on Monday, October 7, 2013, are mixed. Corn is seen opening 1 to 2 cents lower, soybeans 2 to 4 cents lower, and wheat 1 to 2 cents higher.
In overnight trading, the Dec. corn traded 1 cent lower at $4.42 per bushel. Nov. soybean futures traded 2 1/2 cents lower at $12.92 per bushel. Dec. wheat futures traded 2 1/2 cents higher at $6.89.
The outside markets are favorable for Monday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.