Slightly higher corn, soybean markets
With support from the overnight markets and a falling U.S. Dollar, the CME Group corn, soybean and wheat markets are expected to start higher Monday.
The Early Calls for the commodities on Monday, April 9, 2012, are higher.
Corn is seen opening 1-2 cents higher, soybeans 1-2 cents higher and wheat 1-2 cents higher.
In overnight trading, the July corn futures contract traded 1 1/4 cents higher at $6.53 1/2 per bushel. July soybean futures traded 1/4 of a cent higher at $14.38 per bushel, and July wheat traded 1 3/4 cents higher at $6.48. For July soybean meal futures, the contract traded $0.40 per short ton lower at $393.30. July soybean oil futures traded $0.08 higher at $57.11.
The outside markets are mostly unfriendly for Monday's grain trade. The real factors driving the calls will be the slightly higher overnight markets.