(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, July 27, 2015, are sharply weaker. Corn is seen opening 10-12 cents lower, soybeans 10-12 cents lower, and wheat 4-5 cents lower.
In overnight trading, the Sept. corn futures contract traded 11 1/2 cents lower at $3.81 1/4 per bushel. Dec. corn futures traded 11 1/2 cents lower at $3.91 1/4 per bushel.
Aug. soybean futures traded 11 1/2 cents lower at $9.79, while the Nov. soybean futures traded 13 3/4 cents lower at $9.51.
The Sept. wheat futures contract traded 4 1/4 cents lower at $5.07. For Aug. soybean meal futures, the contract traded $3.60 per short ton lower at $351.20; Aug. soybean oil futures traded $0.35 lower at $30.13.
The outside markets are favorable for Monday’s grain trade. The real factors driving the calls will be the sharply lower overnight markets.
