Slightly higher markets seen for Monday

Slightly higher markets seen for Monday

By: Mike McGinnis 01/28/2013 @ 7:25am

The CME Group corn, soybean and wheat markets have a slightly higher bend to them Monday.

The early calls for the commodities on Monday, January 26, 2013, are higher. Corn is seen opening 1-2 cents higher. Soybeans are seen 2-4 cents higher and wheat 1-2 cents lower.

In overnight trading, the March corn futures contract traded 1 cent higher at $7.22 per bushel. March soybean futures traded 2 cents higher at $14.43 per bushel, and March wheat traded 1 cent lower at $7.75. For March soybean meal futures, the contract traded $0.60 per short ton higher at $417.00. March soybean oil futures traded $0.02 cents higher at $52.12. 

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

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