(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, April 16, 2015, are mostly weaker. Corn is seen opening 1-2 cents lower, soybeans 3-5 cents lower, and wheat 1-3 cents higher.
In overnight trading, the May corn futures contract traded 3/4 of a cent lower at $3.75. May soybean futures traded 2 3/4 cents lower at $9.62.
May wheat futures contract traded 2 1/4 cents higher at $4.93. For May soybean meal futures, the contract traded $0.10 per short ton lower at $311.40, May soybean oil futures traded $0.07 lower at $31.73.
The outside markets are favorable for Thursday’s grain trade. The real factors driving the calls will be the mostly lower overnight markets.