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Higher corn, soybean prices seen Monday

04/08/2013 @ 7:52am

DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean and wheat markets have the support to trade higher Monday. 

For the first time, the CME Group farm futures markets open at 8:30am and close at 1:15pm CT.

The early calls for the commodities on Monday, April 8, 2013, are higher.

In overnight trading, the May corn futures contract traded 5 cents higher at $6.34 per bushel. May soybean futures traded 16 cents higher at $13.78 per bushel, and May wheat traded 4 cents higher at $7.03. For May soybean meal futures, the contract traded $4.50 per short ton higher at $396.30 May soybean oil futures traded $0.53 cents higher at $49.36.

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

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

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