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Tough start seen for corn, soybeans

05/07/2012 @ 7:33am

The CME Group corn, soybean and wheat markets face a lower start to the week's trade Monday. 

The Early Calls for the commodities on Monday, May 7, 2012, are lower. Corn is seen opening 4-5 cents lower, soybeans 8-10 cents lower, and wheat 3-5 cents lower.

In overnight trading, the July corn futures contract traded 4 1/4 cents  lower at $6.16 per bushel. July soybean futures traded 10 cents lower at $14.68 1/4 per bushel, and July wheat traded 2 3/4 cents lower at $6.06 3/4. For July soybean meal futures, the contract traded $4.10 per short ton lower at $428.50. July soybean oil futures traded unchanged at $53.65.

The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the lower overnight markets and the pressure from the outside markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.


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