Green arrows for all commodities
DES MOINES, Iowa (Agriculture.com)--After falling 94¢ in the last two trading sessions, the CME Group corn market is poised to trade higher Tuesday. Soybean and wheat markets are seen higher too.
The early calls for the commodities on Tuesday, April 2, 2013, are higher.
In overnight trading, the May corn futures contract traded 5 cents higher at $6.47 per bushel. May soybean futures traded 10 cents higher at $14.01 per bushel, and May wheat traded 7 cents higher at $6.71. For May soybean meal futures, the contract traded $4.40 per short ton higher at $402.90. May soybean oil futures traded $0.08 cents higher at $50.14.
The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.