(Agriculture.com) – Today’s CME Group corn, soybean and wheat trading are expected to trade mixed.
The Early Calls for the commodities on Wednesday, November 28, 2012, are mostly lower. Corn is seen opening 1-2 cents higher, soybeans 4-6 cents lower, and wheat 2-4 cents lower.
In overnight trading, the Dec. corn futures contract traded 1/4 of a cent higher at $7.64 per bushel. Jan. soybean futures traded 4 cents lower at $14.44 per bushel, and March wheat traded 2 cents lower at $8.86. For Jan. soybean meal futures, the contract traded $0.10 per short ton lower at $433.30. Jan. soybean oil futures traded $0.31 lower at $50.10.
The outside markets are unfavorable for Wednesday’s grain trade. The real factors driving the calls will be the mixed overnight markets.
