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Higher corn, wheat prices seen Thursday

06/14/2012 @ 8:24am

The CME Group corn, soybean and wheat markets have the momentum from overnight activity to start the day-trade mostly higher Thursday.

The Early Calls for the commodities on Thursday, June 14, 2012, are mostly higher. Corn is seen opening 7-9 cents higher, soybeans  2-4 cents lower, and wheat 5-6 cents higher.

In overnight trading, the July corn futures contract traded 7 1/4 cents  higher at $5.99 3/4 per bushel. July soybean futures traded 2 3/4 cents lower at $14.05 per bushel, and July wheat traded 4 1/2 cents higher at $6.20 1/2. For July soybean meal futures, the contract traded $0.10 per short ton lower at $421.90. July soybean oil futures traded $0.48 lower at $48.62.

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

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

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