Higher farm markets seen Monday
CHICAGO, Illinois (Agriculture.com)--With strong carryover from overnight trading, the CME Group corn, soybean and wheat markets are seen higher Monday.
The Early Calls for the commodities on Monday, March 11, 2013, are higher. Corn is seen opening 2-4 cents higher, soybeans 7-9 cents higher, and wheat 2-4 cents higher.
In overnight trading, the May corn traded 3 cents higher at $7.07. May soybean futures traded 7 cents higher at $14.78 per bushel. May wheat futures traded 2 cents higher at $6.99.
The outside markets are mostly unfavorable for Monday's grain trade. The real factors driving the calls will be the higher overnight markets.