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Mixed farm markets Monday

03/05/2012 @ 8:23am

Ahead of this week's WASDE Report, the CME Group corn, soybean and wheat markets could remain in a cautious mode. The Early Calls for the commodities on Monday, March 5, 2012, are mostly lower. 

Corn is seen opening 3-5 cents higher, soybeans 1-2 cents lower and wheat 1-2 cents lower.

In overnight trading, the May corn futures contract traded 3 cents higher at $6.58 per bushel. May soybean futures traded 1 1/2 cents lower at $13.31 1/2 per bushel, and May wheat traded 1 1/2 cents lower at $6.73. For May soybean meal futures, the contract traded unchanged at $359.10. May soybean oil futures traded $0.12 higher at $54.20.

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

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

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