In overnight trading, the July corn futures contract traded 10 1/2 cents higher at $6.10 per bushel. July soybean futures traded 27 1/4 cents higher at $14.11 3/4 per bushel, and July wheat traded 13 cents higher at $6.43 1/4. For July soybean meal futures, the contract traded $7.90 per short ton higher at $420.80. July soybean oil futures traded $0.84 higher at $49.60.
The outside markets are mildly favorable for Tuesday's grain trade. The real factors driving the calls will be the sharply higher overnight markets.
