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Weaker farm prices seen Monday

03/18/2013 @ 7:54am

A lower trading day is seen for the CME Group farm markets Monday.

The early calls for the commodities on Monday, March 18, 2013, are lower. Corn is seen opening 5-7 cents lower. Soybeans are seen 14-15 cents lower and wheat 7-9 cents lower.

In overnight trading, the May corn futures contract traded 5 cents lower at $7.11 per bushel. May soybean futures traded 15 cents lower at $14.11 per bushel, and May wheat traded 9 cents lower at $7.13. For May soybean meal futures, the contract traded $5.20 per short ton lower at $413.60. May soybean oil futures traded $0.42 cents lower at $42.49.

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

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

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