Mixed corn, soybean markets seen Wednesday
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.