Mostly higher markets seen Wednesday
The CME Group's corn, soybean, and wheat markets are expected to trade mostly higher Wednesday.
The early calls for the commodities on Wednesday, June 26, 2013, are higher. Corn is seen opening 4 to 6 cents higher, soybeans 4 to 6 cents lower, and wheat 1 to 2 cents higher.
In overnight trading, the July corn futures contract traded 4 cents higher at $6.61 per bushel. The December corn futures traded 1/2 cent higher at $5.45. July soybean futures traded 7 cents lower at $15.18 per bushel, while November soybeans traded 7 cents lower at $12.71. The July wheat traded unchanged at $6.75. For July soybean meal futures, the contract traded unchanged at $458.80. The July soybean oil futures traded 31 cents lower at $46.83.
The outside markets are mostly unfavorable for Wednesday's grain trade.