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Monday's farm markets seen higher

01/14/2013 @ 7:43am

The CME Group commodities have a strong overnight market to use to start double-digit higher Monday.

The early calls for the commodities on Monday, January 14, 2013, are higher. Corn is seen opening 10-12 cents higher. Soybeans are seen 16-18 cents higher and wheat 12-14 cents higher.

In overnight trading, the March corn futures contract traded 13 cents higher at  $7.22 per bushel. March soybean futures traded 20 cents higher at $13.93 per bushel, and March wheat traded 15 cent higher at $7.70. For January soybean meal futures, the contract traded $4.50 per short ton higher at $408.80. Jan. soybean oil futures traded $0.59 cents higher at $49.83. 

The outside markets are unfavorable 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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