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Soybean market to be strong Monday

02/04/2013 @ 8:17am

The CME Group corn, soybean and wheat markets will have a stronger  start to them Monday.

The early calls for the commodities on Monday, February 4, 2013, are higher. Corn is seen opening 2-4 cents higher. Soybeans are seen 10-12 cents higher and wheat 3-5 cents higher.

In overnight trading, the March corn futures contract traded 2 cents higher at $7.38 per bushel. March soybean futures traded 14 cents higher at $14.88 per bushel, and March wheat traded 4 cents higher at $7.69. For March soybean meal futures, the contract traded $4.30 per short ton higher at $432.50. March soybean oil futures traded $0.47 cents higher at $53.46. 

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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