(Agriculture.com) – On Monday, the CME Group’s corn, soybean and wheat markets are expected to start lower.
The early calls for the commodities on Monday, June 15, 2015, are weaker. Corn is seen opening 2-4 cents lower, soybeans 7-8 cents lower, and wheat 4-5 cents lower.
In overnight trading, the July corn futures contract traded 2 1/2 cents lower at $3.50 per bushel. Dec. corn futures traded 3 cents lower at $3.66 per bushel. July soybean futures traded 7 1/4 cent lower at $9.32, while the Nov. soybean futures traded 5 3/4 cents lower at $8.98. The July wheat futures contract traded 6 3/4 cents lower at $4.97. For July soybean meal futures, the contract traded $2.90 per short ton lower at $314.50; July soybean oil futures traded $0.31 lower at $32.83.
The outside markets are unfavorable for Monday’s grain trade. The real factors driving the calls will be the lower overnight markets.
