Mixed farm markets seen Wednesday
The CME Group's corn, soybean, and wheat markets are expected to start mostly lower Wednesday.
The early calls for the commodities on Wednesday, June 19, 2013, are mixed. Corn is seen opening 4 to 6 cents lower, soybeans 1 to 2 cents higher, and wheat 2 to 4 cents lower.
In overnight trading, the July corn futures contract traded 5 cents lower at $6.68 per bushel. The December corn futures traded 2 cents lower at $5.48. July soybean futures traded 1 cent higher at $15.11 per bushel, while November soybeans traded 1 cent higher at $12.91. The July wheat traded 2 cents lower at $6.85. For July soybean meal futures, the contract traded 60 cents per short ton lower at $451.20. The July soybean oil futures traded 26 cents higher at $49.07.
The outside markets are mostly unfavorable for Wednesday's grain trade.