(Agriculture.com) – On Thursday, the CME Group’s corn, soybean and wheat markets are expected to start mostly lower.
The early calls for the commodities on Thursday, June 18, 2015, are weaker. Corn is seen opening 1-2 cents lower, soybeans 4-5 cents lower, and wheat 1-2 cents higher.
In overnight trading, the July corn futures contract traded 1 1/4 cents lower at $3.58 per bushel. Dec. corn futures traded 1 1/4 cents lower at $3.73 3/4 per bushel. July soybean futures traded 5 cents lower at $9.64, while the Nov. soybean futures traded 3 3/4 cents lower at $9.36. The July wheat futures contract traded 1/2 of a cent higher at $4.91. For July soybean meal futures, the contract traded $1.10 per short ton lower at $322.60; July soybean oil futures traded $0.25 lower at $35.15.
The outside markets are favorable for Thursday’s grain trade. The real factors driving the calls will be the mostly lower overnight markets.
