In overnight trading, the Dec. corn futures contract traded 6 1/4 cents lower at $8.02 1/2 per bushel. Nov. soybean futures traded 12 3/4 cents lower at $16.31 per bushel, and Sept. wheat traded 14 cents lower at $8.71. For Dec. soybean oil futures traded $0.38 lower at $54.03.
The outside markets are mostly favorable for Monday's grain trade. The real factors driving the calls will be the lower overnight markets.
