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Farm markets seen mixed Tuesday

02/26/2013 @ 7:49am

DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group corn, soybean and wheat markets are mixed.

The early calls for the commodities on Tuesday, February 26, 2013, are mostly higher. Corn is seen opening 4-6 cents higher. Soybeans are seen 3-5 cents lower and wheat 1-2 cents higher.

In overnight trading, the March corn futures contract traded 4 cents higher at $6.97 per bushel. March soybean futures traded 3 cents lower at $14.48 per bushel, and March wheat traded 1 cent higher at $7.00. For March soybean meal futures, the contract traded $0.60 per short ton higher at $426.20. March soybean oil futures traded $0.58 cents lower at $49.49. 

The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.


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