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Mixed corn, soybean markets seen Wednesday

Updated: 08/07/2013 @ 10:33am

BUFFALO, New York (Agriculture.com)--On Wednesday, the CME Group corn, soybean, and wheat markets are expected to trade mixed. 

The early calls for the commodities on Wednesday, August 7, 2013, are mixed. Corn is seen opening 1 to 2 cents higher, soybeans 5 to 7 cents lower, and wheat 3 to 5 cents lower.

In overnight trading, the Sep. corn traded 1 cent higher at $4.73 per bushel, while the Dec. contract traded 1 cent higher at $4.60.  Aug. soybean futures traded 5 cents lower at $13.19 per bushel, while the Nov. soybean futures are 1 cent higher at $11.68. Sep. wheat futures traded 3 cents lower at $6.47.

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

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