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Higher grain markets Monday

01/23/2012 @ 7:43am

Following the overnight trade, the CME Group corn, soybeans and wheat prices could see a higher start Monday.

The Early Calls for the commodities on Monday, January 23, 2012, are higher. Corn is seen opening 4-6 cents higher, soybeans 12-14 cents higher, and wheat 6-8 cents higher.

In overnight trading, the March corn futures contract traded 6 1/2 cents higher at $6.18 per bushel. March soybean futures traded 15 1/2 cents higher at $12.02 per bushel, and March wheat traded 6 1/2 cents higher at $6.17. For March soybean meal futures, the contract traded $5.40 per short ton higher at $317.30 March soybean oil futures traded $0.56 higher at $50.99.

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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