(Agriculture.com) – On Tuesday, the CME Group’s corn, soybean and wheat markets are expected to start higher.
The early calls for the commodities on Tuesday, January 27, 2015, are stronger. Corn is seen opening 1-2 cents higher, soybeans 1-2 cents higher, and wheat 1-2 cents higher.
In overnight trading, the March corn futures contract traded 1 1/2 cents higher at $3.85 per bushel. March soybean futures traded 1/2 of a cent higher at $9.84 per bushel. The March wheat futures contract traded 1 cent higher at $5.21. For March soybean meal futures, the contract traded $0.50 per short ton higher at $339.40; March soybean oil futures traded $0.16 higher at $31.24.
The outside markets are favorable for Tuesday’s grain trade. The real factors driving the calls will be the slightly higher overnight markets.
