(Agriculture.com) – On Wednesday, the CME Group’s corn, soybean and wheat markets are expected to start higher.
The early calls for the commodities on Wednesday, June 10, 2015, are stronger. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents higher, and wheat 2-4 cents higher.
In overnight trading, the July corn futures contract traded 1 cent higher at $3.66 per bushel. Dec. corn futures traded 3/4 of a cent higher at $3.83 per bushel. July soybean futures traded 2 1/4 cents higher at $9.53, while the Nov. soybean futures traded 3 3/4 cents higher at $9.28. The July wheat futures contract traded 3 3/4 cents higher at $5.36. For July soybean meal futures, the contract traded $0.10 per short ton lower at $316.40; July soybean oil futures traded $0.19 higher at $34.12.
The outside markets are favorable for Wednesday’s grain trade. The real factors driving the calls will be the higher overnight markets.
