In overnight trading, the Sep. corn futures contract traded 4 cents higher at $8.07 per bushel. Aug. soybean futures traded 11 1/2 cents higher at $16.19 per bushel, and Sept. wheat traded 5 cents higher at $8.98 1/4. For soybean meal futures, the Aug. contract traded $2.90 per short ton higher at $521.10. Aug. soybean oil futures traded $0.52 higher at $52.00.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.
