Farm markets to tick higher Tuesday
The CME Group's corn, soybean, and wheat markets are expected to start higher Tuesday.
The early calls for the commodities on Tuesday, June 18, 2013, are higher. Corn is seen opening 2 to 4 cents higher, soybeans 6 to 8 cents higher, and wheat 8 to 9 cents higher.
In overnight trading, the July corn futures contract traded 1 cent higher at $6.69 per bushel. The December corn futures traded unchanged at $5.38. July soybean futures traded 6 cents higher at $15.18 per bushel, while November soybeans traded 5 cents higher at $12.90. The July wheat traded 8 cents higher at $6.88. For July soybean meal futures, the contract traded $4.70 per short ton higher at $453.80. The July soybean oil futures traded 6 cents lower at $48.78.
The outside markets are mostly favorable for Tuesday's grain trade.