(Agriculture.com) – On Monday, the CME Group’s corn, soybean and wheat markets are expected to start mixed.
The early calls for the commodities on Friday, August 17, 2015, are mostly higher. Corn is seen opening 2-4 cents higher, soybeans 4-5 cents lower, and wheat 1-2 cents lower.
In overnight trading, the Sept. corn futures contract traded 2 1/2 cents higher at $3.66. Nov. soybean futures traded 4 1/4 cents higher at $9.20.
Sept. wheat futures contract traded 3/4 of a cent lower at $5.05. For Sept. soybean meal futures, the contract traded $2.70 per short ton higher at $316.90, Sept. soybean oil futures traded $0.09 higher at $29.17.
The outside markets are favorable for Monday’s grain trade. The real factors driving the calls will be the mostly higher overnight markets.
