In overnight trading, the July corn futures contract traded 1 cent higher at $5.70 per bushel. July soybean futures traded 10 cents higher at $13.50 per bushel, and July wheat traded 1/4 of a cent higher at $6.28. For July soybean meal futures, the contract traded $4.30 per short ton higher at $400.40. March soybean oil futures traded $0.08 higher at $48.39.
The outside markets are unfavorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.
