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Farm markets to start slightly higher

03/28/2013 @ 7:23am

To end the holiday-shortened trading week, the CME Group corn, soybean and wheat markets are seen starting higher, due to a slightly higher overnight market. 

In addition, the USDA will release its March Planting Intentions and Quarterly Stocks Reports at 11:00am CT Thursday.

The early calls for the commodities on Thursday, March 28, 2013, are higher. Corn is seen opening 1-2 cents higher. Soybeans are seen unchanged to higher and wheat 1-2 cents higher.

In overnight trading, the May corn futures contract traded 1 cent higher at $7.35 per bushel. May soybean futures traded unchanged at $14.53 per bushel, and May wheat traded 2 cents higher at $7.39. For May soybean meal futures, the contract traded $0.80 per short ton higher at $423.90. May soybean oil futures traded $0.15 cents lower at $50.67.

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

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

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