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Grains to trade mixed Tuesday

Updated: 05/21/2013 @ 9:29am

The CME Group's corn, soybean, and wheat contracts are seen mixed-to-mostly lower Tuesday.

The early calls for the commodities on Tuesday, May 21, 2013, are mixed. Old-crop corn is seen opening 10 to 11 cents lower, old-crop soybeans 2 to 4 cents higher, and wheat 5 to 7 cents lower.

In overnight trading, the July corn futures contract traded 13 cents lower at $6.36 per bushel. The December corn futures traded 7 cents lower at $5.13. July soybean futures traded 1 cent higher at $14.65 per bushel, while November soybeans traded 7 cents lower at $12.18. The July wheat traded 10 cents lower at $6.75. For July soybean meal futures, the contract traded 50 cents per short ton higher at $435.80. The July soybean oil futures traded 10 cents lower at $49.10.

The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the mixed overnight markets.

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

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