Higher corn, soybean trading Monday
The CME Group corn, soybean and wheat markets will start higher Monday.
The Early Calls for the commodities on Monday, June 18, 2012, are higher. Corn is seen opening 2-4 cents higher, soybeans 7-8 cents higher, and wheat 3-5 cents higher.
In overnight trading, the July corn futures contract traded 2 1/4 cents higher at $5.82 per bushel. July soybean futures traded 10 3/4 cents higher at $13.86 3/4 per bushel, and July wheat traded 6 3/4 cents higher at $6.16 1/4. For July soybean meal futures, the contract traded $3.10 per short ton higher at $413.20. July soybean oil futures traded $0.58 higher at $49.02.
The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the higher overnight markets.