Farm markets to rise slightly
For Tuesday, CME Group corn, soybean and wheat markets are seen mostly higher.
The early calls for the commodities on Tuesday, March 26, 2013, are slightly higher. Corn is seen opening 1-2 cents lower. Soybeans are seen 1-2 cents higher and wheat 1-2 cents higher.
In overnight trading, the May corn futures contract traded 1 cent lower at $7.31 per bushel. May soybean futures traded 1 cent higher at $14.37 per bushel, and May wheat traded 1 cent higher at $7.27. For May soybean meal futures, the contract traded $0.60 per short ton higher at $418.40. May soybean oil futures traded $0.09 cents lower at $50.35.
The outside markets are slightly unfavorable for Tuesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.