Soybeans, wheat to edge higher Tuesday
On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly higher.
The early calls for the commodities on Tuesday, December 3, 2013, are mostly higher. Corn is seen opening 1to 2 cents lower, soybeans 2 to 4 cents higher, and wheat 1 to 2 cents higher.
In overnight trading, the Dec. corn futures contract traded 1/4 cent lower at $4.16 per bushel. Nov. soybean futures traded 2 cents higher at $13.23. The Dec. wheat futures contract traded 3/4 cent higher at $6.50. For Dec. soybean meal futures, the contract traded $0.40 per short ton lower at $446.60; Dec. soybean oil futures traded $0.01 lower at $40.33.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.